Match the gig, sharing, and knowledge economies to the following definitions.Group of answer choicesGig economySharing economyKnowledge economy
Question
Match the gig, sharing, and knowledge economies to the following definitions.Group of answer choicesGig economySharing economyKnowledge economy
Solution
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Gig Economy: This is an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements. The trend toward a gig economy has begun. A study by Intuit predicted that by 2020, 40 percent of American workers would be independent contractors.
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Sharing Economy: This is an economic model often defined as a peer-to-peer (P2P) based activity of acquiring, providing, or sharing access to goods and services that are facilitated by a community based online platform. Shared economy examples include Uber, Airbnb, and Lyft.
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Knowledge Economy: This is a system of consumption and production that is based on intellectual capital. In particular, it refers to the use of knowledge to produce economic benefits. Various fields such as education, consulting, and software development are part of the knowledge economy.
Similar Questions
The gig economy The following statements are about ‘the gig economy’, a term used to describe a labour market in which short-term contracts are gradually taking the place of permanent jobs. I.oneThe gig economy empowers individuals to better manage their own futures and maximise their existing assets.II.twoIn a gig economy there are no ‘jobs’. Instead there are 'portfolios of projects' and people find themselves doing twice as much work, half as well and for half as much pay.III.threeFor those of us living pay check to pay check, the builders, gardeners, labourers, cleaners … the gig economy has been a way of life forever. The only reason it is now a subject of media interest is that it has recently started to affect those who thought a good university degree guaranteed them a stable career.IV.fourGig workers are free in a way that most of us would love. They are their own bosses; choosing their knock-off hours, working from home, living the dream!V.fiveIt would be wrong to let government intervention ruin the gig economy, this new economic system has been embraced by so many enterprising young people. Let’s protect it for their sakes.VI.sixIt would be wrong to let the coastguard tear drowning people away from the driftwood they have so enterprisingly embraced. Let’s protect their right to keep hanging on.Question promptIronic means happening in a way that is the opposite of what is expected.In context, which phrase in statement VI is ironic?In context, which phrase in statement 6 is ironic?Question response areaSelect one option'... drowning people ...''... away from the driftwood ...''... enterprisingly embraced.''... hanging on.'Next
Which Economy represents most of the economies in the world today?Group of answer choicesTraditional EconomyMarket EconomyMixed EconomyCommand EconomyNext
An economy's ______ equals its ______.
In the economic environments, all other resources are contingent on ____________ and knowledge for their worth and usage. A. political structure B. information C. entertainment D. relationship
What is highlighted as a significant factor in the knowledge-based economy?*1 pointa) Infrastructure investmentb) Government regulationsc) Cultural awarenessd) Sharing of intellectual capital
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