Question

Name any one factor that is common to both entrepreneurship and wage employment on contract basis. *

Answer 1

A common factor between entrepreneurship and wage employment is Labor market institutions.

Explanation:

• A Contract employment is defined as a temporary time period of employment done on the basis of contract.
• A common factor to entrepreneurship and wage employment is Labor market institutions.
• The labor market institutions include wage-setting policies, social insurance provisions, employment security, and the enforcement of restrictive covenants.
• Also, it includes the composition and characteristics of existing employers which includes wages, advancement opportunities, and working conditions.
• Another important factor in the labor market is Labor productivity.

Answer 2

Answer:

The similarity in case of entrepreneurship and wage employment is that they both are making money....