‘Gig Economy’ is a term that is often seen in the news. Which of the following constitute part(s) of gig economy?

1. Uber drivers and Swiggy delivery executives

2. Vegetable vendors

3. All freelance stand-up comedians

Select the correct answer using the code given below:

• Gig Economy refers to a work environment where organizations employ freelancers on temporary basis/short-term basis. Mostly this is done to

• avoid long-term obligations;

• in line with easy ‘hire and fire’ policy; and

• digital services, where distance does not matter.

• Uber drivers and Swiggy delivery executives fit in the definition and, hence, a part of the gig economy.

• Vegetable vendors are usually self-employed and form a part of unorganized sector.

• Stand-up comedians, who perform on their own shows, are self-employed and not hired by any organization and do not form a part of the gig economy. However, those employed by a company for a short-term basis may be considered a part of the gig economy.