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What is gig economy, recently seen in news?

Daily Current Affairs Quiz 21 February 2021

What is gig economy, recently seen in news?

A. An economic system aimed at eliminating waste and the continual use of resources.

B. A free market system in which Permanent positions are common.

C. A free market system in which temporary positions are common and organizations hire independent workers for short-term commitments.

D. None of these

Explanation:

Uber drivers must be treated as workers rather than self-employed, the UK’s Supreme Court has ruled. The increased focus on big tech aside, the central government has already put in place some legal protection for gig economy workers. The gig economy is a free market system in which temporary positions are common and organizations hire independent workers for short-term commitments.

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