Question

What is the difference between self employment and wage employment? State any four such differences.(4)

Answer 1

Explanation:

self employment:

*in self employment we give wages to other employees.

*rules and regulations are given by us.

*decision making authority

wage employment:

*in wage employment we get wages from others.

*we follow the rules and regulations of the firm we are working in.

*we don't have the decision making authority.