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What is the correct meaning of self-employment?

Answer and explanation

Correct answer: Earning income by running one’s own work or business

Self-employment means that a person works for themselves by operating a business, profession, trade, or independent activity and earns income from it. The person generally bears responsibility for decisions, costs, and results. Therefore option A is correct. Government employment is salaried employment, while income without work and taking others’ responsibilities do not define self-employment.

Related tags

Self-EmploymentIncomeDistinction Between BusinessProfession And EmploymentDistinction Between Business Profession And EmploymentBusinessTrade And CommerceBusiness Trade And CommerceBusiness StudiesClass 11 Mcq

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