What is the correct meaning of self-employment?
Answer and explanation
Correct answer: Earning income through one’s own work or business
Self-employment means working for oneself and earning income from one’s own trade, profession, service, or business activity. The person may work alone or employ others, but is not simply receiving a salary as an employee of another organisation. Hence option A is correct; salary employment describes wage employment.
Frequently asked questions
What is the correct answer to this question?
Earning income through one’s own work or business
Why is this the correct answer?
Self-employment means working for oneself and earning income from one’s own trade, profession, service, or business activity. The person may work alone or employ others, but is not simply receiving a salary as an employee of another organisation. Hence option A is correct; salary employment describes wage employment.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Distinction between Business, Profession and Employment.
Student feedback
Was this question useful?
👍 0 Helpful 👎 0 Not helpful
Yes 0% No 0%
0 responsesStudent Reviews
No published reviews yet.
