Question

Which sections of society are largely engaged in unorganised economic activities in India and Kerala?

• A. A) Highly skilled professionals
• B. B) Socially and economically weaker sections
• C. C) Government employees
• D. D) Large-scale industrialists

Answer 1

Answer:

B. B) Socially and economically weaker sections

Unorganised Economic Activities: Fundamental Concepts

• The unorganised sector, often termed the informal sector, encompasses all private enterprises and individuals engaged in the production or sale of goods and services that are not formally registered with the government.

• Key characteristics include a lack of formal registration, absence of social security benefits (such as provident fund, gratuity, health insurance), low and often irregular wages, poor working conditions, and a general lack of legal protection and regulation.

• Workers in this sector typically operate without formal contracts, making them vulnerable to exploitation and lacking strong bargaining power.