Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the disadvantages of being self-employed?

IN RECENT TIMES A LOT OF PEOPLE WOULD RATHER BE THEIR OWN BOSSES THAN WORK FOR OTHERS DUE TO A NUMBER OF REASONS LIKE FRAUD AND LOW WORK BENEFITS. IN MY OPINION SOME PERSONS DECIDE TO BE CEOs, IN OTHER TO WORK AT THEIR OWN PACES, AND BUILD THEIR OWN COMPANY FROM GROUND TO TOP SPECIFICALLY WITHOUT THE INVOLVEMENT OF SOME FRAUDULENT ACTIVITIES WHICH IS THOUGHT TO QUICKEN COMPANY GROWTH. ADMITTEDLY, WORKERS SEEM TO PERFOM BETTER UNDER THE BEST CONDITIONS, LIKE WHEN BEEN ACCORDED SOME BENEFITS

SUCH

AS FREE HEALTHCARE, VACATION AND TIME FOR EXTRA CURRICULAR ACTIVITIES BUT

THIS

IS USUALLY NOT THE CASE,

FOR EXAMPLE

IN THE EARLY 90’S UP UNTIL NOW THE RATE OF LABOUR INPUT HAS DWINDLED DUE TO THE TERMINATION OF

THIS

AFFOREMENTIONED WORK PECKS.

ON THE OTHER HAND

, WHEN A PERSON DECIDES TO START UP A COMPANY THERE ARE ALOT OF PROCESSES TO CONSIDER WHEN SEEKING LICENSE OR ACCREDITATION WHICH MAY

LAST

UPTO YEARS AND CAN BE VERY DEMORALIZING.

ADDITIONALLY

, INCREASE IN THE AMOUNTS OF YOUTHS BEING SELF

EMPLOYED IS

Accept comma addition

EMPLOYED, IS

THE MAIN CAUSE OF LOW PRODUCTIVITY WHICH CAUSES DECRASE IN ECONOMIC GROWTH AND

CONSEQUENTLY

POVERTY. CONCLUSIVELY, BEING SELF EMPLOYED COMES WITH A FEW DOWNSIDES LIKE POOR MARKET OUTPUT, LOW LABOUR FORCE WHICH IN TURN MAY BE DETRIMENTAL TO THE SOCIETY.