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An Establishment with Four Hired Workers is Known as __________ Sector Establishment. - Economics

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Question

An establishment with four hired workers is known as __________ sector establishment. 

Options

  • formal

  • informal

MCQ
Short Note

Solution

An establishment with four hired workers is known as informal sector establishment.

An informal sector is an unorganised sector of the economy. It includes all enterprises that hire less than 10 workers, except farming and self employment ventures. Therefore, an establishment with four hired workers is known as informal sector establishment.

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Self-employed and Hired Workers
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Chapter 7: Employment: Growth, Informalisation and Other Issues - Exercise [Page 135]

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NCERT Economics - Indian Economic Development [English] Class 12
Chapter 7 Employment: Growth, Informalisation and Other Issues
Exercise | Q 6 | Page 135
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