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Which is the correct example of self-employment?

Answer and explanation

Correct answer: Running one’s own small repair shop

Self-employment means working for oneself by owning or independently operating an income-generating activity. A person running a repair shop makes decisions, provides the service, bears the business responsibility, and receives its earnings. Working in another person’s office is employment, while being a student or taking an examination is not employment.

Related tags

Self-EmploymentSmall-BusinessEmploymentEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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