Which is an example of self-employment?
Answer and explanation
Correct answer: Running one's own small shop
Self-employment occurs when a person works for their own account rather than primarily working as an employee for another organisation. Running one’s own small shop involves organising the work, serving customers, bearing business responsibility, and earning from the venture. Following an order, sitting without work, or refusing customers does not by itself constitute self-employment.
Frequently asked questions
What is the correct answer to this question?
Running one's own small shop
Why is this the correct answer?
Self-employment occurs when a person works for their own account rather than primarily working as an employee for another organisation. Running one’s own small shop involves organising the work, serving customers, bearing business responsibility, and earning from the venture. Following an order, sitting without work, or refusing customers does not by itself constitute self-employment.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
