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Question -

How are the activities in the economy classified on the basis of employment conditions?



Answer -

On the basis of the employment conditions, the economy can be classified into two sectors:
1. Organised Sector: Enterprises registered under the Government of India, who have an employee-friendly environment and are provided with various facilities including high wages.
2. Unorganised Sector: Small and scattered units which are temporary. The employees in this sector are paid less.

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