An economist is studying different forms of labor. Which of the following individuals best exemplifies the core concept of self-employment, where the individual is both the owner and operator of their own business?

Analyzing Work Arrangements

Distinguishing Employment Relationships

Match each characteristic of a work arrangement to the type of economic activity it best describes.

An individual who is the sole owner of a small company but hires a general manager to handle all day-to-day operations and decision-making is classified as self-employed.