gig economy (/ˈɡɪɡ ɪˌkɒn.ə.mi/)
noun · Advanced · Work & Business
🔊 /ˈɡɪɡ ɪˌkɒn.ə.mi/
Meaning
Meaning: short-term flexible work system
A way of working in which people do many short-term or freelance jobs rather than one permanent job.
Examples
🗣 In the gig economy, many people drive taxis or deliver food through apps on their phones.
Etymology
From ‘gig’ (a musician’s slang for a job) and ‘economy’, a term that spread in the 2010s.
How & Where It’s Used
Used to describe app-based and short-term work.
📹 Watch "gig economy" on YouTube
Tags: work, modern