Asked by Donna Pollock on May 09, 2024

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Which of the following best describes the "gig economy"?

A) The outsourcing of manufacturing stages of production
B) The part of the economy that has grown in recent years in which work is task-focused and performed by independent contractors.
C) The increasing frequency of employees working remotely.
D) The internet's effect on the economy.

Gig Economy

A labor market characterized by flexible, temporary, or freelance jobs, often involving connecting with clients or customers through an online platform.

Independent Contractors

Individuals or entities that perform work for another entity under a contractual agreement, but are not considered employees of that entity.

Task-focused

An approach or mindset that prioritizes the completion of tasks over other considerations, such as social interactions or emotional well-being.

  • Determine the impact and obstacles of the gig economy and on-demand services on categorizing workers.
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LB
Laura BrackeenMay 14, 2024
Final Answer :
B
Explanation :
The gig economy refers to a part of the economy where individuals work as independent contractors who perform task-focused jobs, often arranged through online platforms.

Option A is incorrect as it refers to outsourcing, which is a different concept from the gig economy.

Option C is partly correct, as remote work is a common aspect of the gig economy, but it does not fully capture the essence of the concept.

Option D is incorrect, as the gig economy is just one aspect of the broader impact of the internet on the economy.