State the meaning of ‘self-employed worker’ with suitable example.
State the meaning of ‘self-employed worker’ with suitable example.
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Solution and Explanation
Workers in India are grouped by their status of employment. One group is the self-employed.
The question asks for the meaning (1 1/2 marks) and a suitable example (1/2 mark).
Step 2: Meaning:
A self-employed worker owns and runs an enterprise to earn a living.
Such a person is not hired by anyone else. The person takes the risk of the business and keeps the profit or bears the loss.
The work may be done alone or with the help of family members.
Step 3: Example:
A cement shop owner is a self-employed worker. The owner has the shop, buys the stock and sells it to earn a livelihood.
A farmer who cultivates own land, a tailor with own shop or a plumber working for himself would also do.
Final Answer:
A self-employed worker is a person who owns and operates an enterprise to earn livelihood, for example a cement shop owner.
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