Yaksh ChaudharyAIR 6 · CSE 2021 · 141 wordsTheir whole copy
Opening
Keith Hart coined the term informal sector. It is characterised by the following
Body · points
functions of informal sector
(1) Employment : large population is engaged in it. for e.g. More than 90% of workers of India are engaged in it. (2) Even low skilled workers get job. (3) Contribution to GDP growth. for eg. Informal sector contribute 45% to GDP of India. (4) More interaction between workers in such units reduces alienation. (5) more jobs for women. It leads to women empowerment.
Dystunctions (1) lack of social security. (2) Bad working conditions. (3) Emergence of slums. (4) No job security because of lack of contract. (5) Child labor. for Eg. Beedi factories in India mostly engage child labor.
Close · a way forward
Hence informal sector has both functions and dysfunctions. Countries should try to reduce their informal sector to give more job satisfaction and social security.