Gig Economy
Definition
The gig economy refers to a labor market characterized by short-term, freelance, or temporary work arrangements, often facilitated through online platforms.
Analogy
Think of the gig economy as a virtual job fair where individuals can pick and choose different gigs like they would select items from a buffet.
Related terms
Freelancing: Working independently on a project basis for multiple clients.
Platform Economy: An economic system where goods and services are exchanged through digital platforms.
Side Hustle: A secondary job or source of income that is pursued alongside one's primary employment.
"Gig Economy" appears in:
Additional resources (1)
Resources
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.