How are the activities in the economy classified on the basis of employment conditions?
On the basis of employment conditions, economic activities are classified into two sectors: organised sector and unorganised sector. This classification helps in understanding the working conditions, job security, and protection available to workers.
In the organised sector, workers enjoy job security and have formal rules and regulations governing their employment conditions. These enterprises follow government rules regarding work.
In the unorganised sector, employment conditions are poor with no job security. A large proportion of labourers in India work in this sector. Most people are working in the unorganised sectors and protection is necessary for them.
Explanation
The textbook context clearly states that economic activities can be divided into organised and unorganised sectors based on employment conditions. The fill-in-the-blanks exercise confirms that 'Workers in the organised sector enjoy job security' and 'A large proportion of labourers in India are working in the unorganised sector.' The Summing Up section reinforces that 'Most people are working in the unorganised sectors and protection is necessary for them.'