The correct option is (c).
Explanation
Street vending falls under the unorganized or informal urban economy. It is characterized by self-employment, lack of formal job security, and reliance on personal or family resources for operations.
Statement-wise Analysis:
- Statement 1 is Correct: Street vendors are self-employed workers who must organize their own work. They are responsible for planning their purchases, managing logistics, and setting up their shops or stalls daily without formal organizational support.
- Statement 2 is Incorrect: Generally, street vendors operate in the informal sector and often lack security of tenure. While the Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act, 2014 aims to provide regulation, vendors historically do not possess permanent licenses that guarantee immunity from police action. Their shops are often temporary structures, and they are frequently asked to dismantle them by authorities.
- Statement 3 is Correct: Street vending often functions as a family-run micro-enterprise. For vendors selling food, the preparation usually happens at home with the assistance of family members who help in cleaning, sorting, and chopping ingredients before the vendor takes the final product to the street.
Key Takeaway:
Street vendors operate in the unorganized sector, characterized by self-management, the use of family labor, and a lack of permanent legal protection or job security regarding their vending spots.