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Word of the Day: Gig Economy
Subject: Business/Employment
Meaning: The gig economy refers to a labor market characterized by the prevalence of short-term, temporary, or freelance work, where individuals, often referred to as "gig workers" or "independent contractors," take on individual tasks or projects for different employers or clients. These jobs are often facilitated through digital platforms or mobile apps that connect gig workers with potential customers or businesses seeking specific services.
The gig economy offers flexibility and autonomy for workers, allowing them to choose when and where they work. It also provides opportunities for individuals to monetize their skills and talents without committing to traditional full-time employment. On the other hand, gig work can lack job security, benefits, and social protections typically associated with traditional employment.
The rise of the gig economy has had significant implications for the workforce and businesses, leading to discussions about labor rights, worker classification, and the future of work. As the gig economy continues to evolve, it remains a subject of debate and regulatory scrutiny in many countries.
BY तलाठी मेघा भरती २०२३ 🌐
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