•Organized sectors.

•Unorganized sectors

•Division of sectors on the basis of

ownership

Public sector

Private sector

The sector, which is registered ,follows

Govt. rules n regulations, have

employees n employers union is called

organized sector. The company form of

business comes under organized sector.

The private retail business is called un

organized sector. Reliance retail is in

organized sector, as it is in a company

form n registered.

The sector which is not following the

prescribed norms and the modus

operandi which is standardized and

centralized. Many industries fall into this

segment which are transacting on a

pseudo industrial basis. It more of a

perceived factor rather being an implied

one.

Organized sector Unorganized sectors

The organized sectors cover those

enterprises where the term of

employment is regular .

The unorganized sectors is

characterized by small and

scattered units which are largely

outside the control of government

They are registered by government ,

they follow rules and regulations and

various laws such as , the factories

act , minimum wages act , payment

of gratuity , shops and

establishments act .

Unorganized sector does not follow

any rules and regulation pass by the

government .

Workers in the organized sector are

paid according to prescribed scale .

They also get payment in time on

regular basis ,

Most of the jobs are low paid and

often not regular .

They get annual increment and

other allowances such as provident

fund , payment during holidays ,

paid leave , gratuity , medical

benefits , safe working conditions

There is no provision of over time ,

paid leave , holidays , leave due to

sickness etc.

They can form trade unions They cannot form trade unions

They are paid low salaries , therefore they are not able to fulfill even there basic needs .

They are exploited .

Employment is there but not on regular basis they can be thrown out any time without any crime or reason .

Other than salary which is very low they don’t get any other benefits .

These workers also face social discrimination .

protection and support to the unorganisedsector is both necessary for economic and social development .

Public sector

Private sector

The public sector is that part of the economy whose primary concern is to provide the basic government services. In most countries around the world, the public sector consists of services like the military, police, public transport, roads, education, and healthcare services. It has the responsibility to provide services which will benefit all including non payers.

The part of national economy made up

of private enterprises. It includes the

personal sector (households) and

corporate sector (companies), and is

responsible for allocating most of the

resources within an economy. See also

public sector.

Public sector Private sector

It is owned by state or central

government .

It is owned by private individuals .

They work with the main motive

of providing service to the

public

They work for profit earning .

It is guided by social objectives

like development of backward

regions , creation of employment

, and equitable distribution of

wealth .

In this sector social objectives are

not important it is subjected to

strict financial control of the

government .

For example , railways , air India ,

LIC , RBI , FCI .

For example , reliance industries

limited , Tata iron and steel

company limited .

Infrastructure : construction of roads , bridges , generating electricity , irrigation , education etc. are several things needed by society , but private sector could not invest as large amount of money is required .

Also collecting money from thousand of people is not easy .

Hence government has to undertake such heavy spending and ensure creation of infrastructure .

Public welfare : providing health ,

housing facilities , safe drinking water ,

food and nutrition for poor are the

primary responsibilities of the

government these activities should be

taken up the government as private

sector would like to maximize there

profits and has no interest in public

welfare .

India’s IMR is 47 deaths per 1,000 live

births. (Sample Registration System- SRS,

2011)

The IMR of rural areas is 51 infant deaths

per 1,000 births while Urban rate stands

at 31/1000.

Goa has the lowest IMR of 10/1000 and

Madhya Pradesh has the highest IMR of

62/1000.

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•Abhishek Bharadwaj

•Abhishek Dubey

•Aman Vyas

•Devshree Golwalkar

•Divya Jain

•Harshita Kumbhare

•Jayesh Pawar

•Mitesh Patidar

•Payaswini Rai

•Pradeep Meena