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

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In the 21st century,
world
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the world
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economy is developing day-by-day
therefore
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many self-made
business
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initiatives are growing
instead
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of working with well-organized companies. In
this
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essay, I will explain the causes and disadvantages of
this
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subject with relevant examples. Technological advancement made significant changes in the field of entrepreneurship
although
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, it is stabilized individual creativity and enhanced self-generated industries in rural areas. To support
this
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small scale
business
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like locally produced groceries, match Box factories, honey making and weaving products are the results of
this
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revolution.
However
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, education and
the
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apply
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governmental economic support
result
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inresult
fromresult
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young
people
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entry
to
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into
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the
business
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sectors
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sector
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because it creates self-confidence and self-development among unemployed youths.
On the other hand
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,
people
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are always seek
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are always seeking
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for comfortability whereby,they can bring individual responsibility to self-employed work.
For example
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, According to the ministry of the Human Resources Department in India point out that 63% of self employees started their
business
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because of discomfort in big industries. To put it another way,these workers
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intolerant
tolerate
intolerate
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are intolerate
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with
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of
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the multinational companies profit-making labour laws.
Moreover
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,there are many disadvantages vested on self-generated employment.
Firstly
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, in developing and underdeveloped countries it will increase inequality because only rich
people
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can make
business
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.
Although
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,
government
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the government
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always support economically stable
people
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for loans and subsidies.
Secondly
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, it increased exploitation and economic insufficiency among poor
people
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.
For instance
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, rich younger
people
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get more
opportunity
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opportunities
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than educated poor
people
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.For
illustrate
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illustrating
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this
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African countries like Sudan and Nigeria now facing economic disparities because 70% of national money
located
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is located
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to rich self employees. Resultantly, it
mobilise
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mobilises
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unemployment among
rest
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the rest
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of the poor
people
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. In conclusion, there is a saying 'a coin has two sides
similarly
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self-employment generate constructive and destructive growth on society. So whoever planning to start a new
business
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make sure that it won't curtail the development of human beings.
Submitted by sooryag03 on

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Topic Vocabulary:
  • self-employed
  • company
  • organization
  • freedom
  • independence
  • income potential
  • flexibility
  • working hours
  • working location
  • passions
  • interests
  • decision-making
  • business practices
  • disadvantages
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