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A Definition of Gig

The gig economy refers to a labor market that heavily relies on short-term and temporary positions filled by independent contractors and freelancers. The term originates from the music industry, where performers would book “gigs” at various venues, typically for single or short-term engagements. In the context of the labor market, the gig economy is characterized by flexibility, adaptability, and a focus on independent work rather than traditional employment relationships.

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