Question

Difference between Self-employment & Wage employment?

Topic	Entrepreneurial Skills (Employability Skills)
Type	Short Answer Type
Class	10

Answer 1

Self Employment	Wage employment
The state of working for oneself as a freelance or the owner of a business rather than for an employer	The state of working for another person or organization under specific terms and conditions
Generates its own revenue	Gets paid by the company
No fixed working hours	Have a fixed working hours
There are no paid leaves	There are paid leaves
No specific wage or salary as it depends on the activities that are conducted every month	Specific wage or salary as already decided by the company or organization