Question

Distinguish between self-employed and hired workers with the help of a suitable example.

Answer 1

Sr. No.	Basis	Self-employed Workers	Hired Workers
1.	Meaning	Work for themselves and manage their own business or profession.	Work for others and receive wages or salaries in return.
2.	Decision-making	They take their own business decisions and bear profit or loss.	They work under the supervision and control of an employer.
3.	Ownership	Own and operate their enterprise independently.	Do not own the enterprise; they are employees.
4.	Source of Income	Income depends on the success of their business or work done.	Income is fixed in the form of wages or salary.
5.	Example:	A shopkeeper running his own grocery store.	A salesman working in that shop for a monthly salary.