Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
1.3k views
in Economics by (11.1k points)

Is it necessary to generate employment in the formal sector rather than in the informal sector? Why?

1 Answer

0 votes
by (15.6k points)
selected by
 
Best answer

Yes, it is necessary to generate employment in the formal sector rather than in the informal sector because, employee benefits such as pension, provident fund, gratuity etc. are provided in formal sector rather than in the informal sector. The workers and enterprises in the formal sector get regular salary and incentives as compared to informal sector. Formal sector uses modern technology and advanced machinery in the production process. Thus, generation of employment in the formal sector reduces poverty, income inequality and other social evils to some extent.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...