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Unveiling the Gig Economy: Freelancing in Today's Economy Introduction to the Gig Economy The gig economy refers to a labor market characterized by short-term contracts, freelance work, and independent contractors rather than traditional full-time employment. In this digital age, technology platforms facilitate connections between individuals offering services (gig workers) and those seeking them (clients or customers). The gig economy has rapidly expanded in recent years, fueled by advances in technology, changing work preferences, and economic shifts. The Gig Economy, also known as the  freelance economy  or the  sharing economy , refers to a work environment where short-term contracts and independent work arrangements are increasingly common. Here's a breakdown of the key points: Focus on Projects vs. Permanent Jobs:   People don't hold traditional full-time jobs with a single employer. Instead, they work on specific projects or tasks for different companies or clients.