Gig Economy

What is the difference between gig workers and full-time employees?

• Gig workers are always part-time and cannot work full-time.

• Full-time employees work on a freelance basis without job security.

• Gig workers have fixed salaries and benefits like full-time employees.

• Gig workers are independent and flexible, while full-time employees have stable jobs with benefits.

What is a segment of the service industry that provides temporary, flexible, short-term freelance work, typically facilitated through an app or online platform?

• Wage

• Hard Skills

• Gig Economy

• Soft Skills

The ___________ is a flexible market that allows you to work short-term, independent jobs.

• gig economy

• labor market

• employee workforce

• sharing economy

The short-term contracts, freelance work, and flexible arrangements, characterise the

• Gig economy

• Short economy

• Nomad economy

• Social economy

The European labour market is constantly changing and is affected by a number of factors. Which of the following affects the European labour market?

• Gig Economy and Flexible Work

• Remote and Hybrid Work

• Aging Workforce and Retirement

• Upskilling and Reskilling

What has contributed to making entrepreneurship more mainstream?

• The decline of the global job market.

• The rise of the gig economy.

• Increased government regulation.

• The decrease in financial risk.

How does the gig economy impact entrepreneurs?

• It limits their opportunities to traditional employment.

• It provides more opportunities for flexible work to support their ventures.

• It ensures a stable income with minimal risk.

• It discourages independent projects.

What is a key characteristic of the gig economy?

• A) Long-term job security

• B) Fixed working hours

• C) Flexibility and independence

• D) Mandatory benefits

Which of the following is a common platform used in the gig economy?

• A) LinkedIn

• B) Uber

• C) Microsoft Teams

• D) Slack

How does the gig economy affect traditional employment models?

• A) It reinforces the need for permanent contracts

• B) It reduces the demand for full-time positions

• C) It eliminates the need for skilled labor

• D) It increases job stability