Gig Economy - Explained
What is the Gig Economy?
Written by J. Mance Gordon
Updated at April 22nd, 2024
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is the Gig Economy?
Gig economy refers to a hiring environment where jobs are mostly temporary and flexible (that is they can be completed from any place without prior physical connection with the assigner) and companies prefer hiring on contract rather than employee in-house workers.
Some notable examples of services in gig economies are Uber, Lyft, AirBnB, and other freelance platforms.