The labour sector is divided as ___________ sectors.
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Primary, Secondary and Tertiary
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Organised and Unorganised
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Both
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None
Reveal answer
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C
Correct answer
Explanation
Labour market is a place where employee and workers come in direct contact with each other. The labor sector is divides into followings:
1) Organised sector in India refers to licensed organisations, that is, those who are registered and par GST. These include the publicly traded companies, incorporated or formally registered entities etc.
2) Unorganized sector, also known as own account enterprises, refers to all unlicensed, self-employed or unregistered economic activity such as owner manned general stores, handicrafts and handloom workers, rural traders, farmers, etc.
3) The primary sector is directly concerned with natural resources of the country. Agricultural, forestry, fishing and mining constitute the primary sector.
4) The Secondary sector consists of the industrial sector, engaged in construction activities and manufacturing of finished goods and tangible products.
5) The Tertiary sector is intangible in nature, concentrating on the services sector. This sector consists of provision of services such as education, medical, hotel and finance needed by the consumers.