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How has the 'gig economy' impacted variable and fixed costs for businesses?

Sagot :

Answer:

Throughout the following explanatory section, the essence of this issue is explained.

Explanation:

The Gig economy would be the economy in which employees are temporarily recruited underemployment needs and needs. Throughout the labor market there have been no permanent workers, but freelance employment.

  • Unless the jobs are recruited on an exclusive system, the variable costs are subject to different conditions and if enough staff is recruited at a certain time, those variable costs would escalate throughout the terms of additional pay.
  • The certain fixed cost remains very similar, as variable costs adjust as employees increase or reduce, but fixed costs change accordingly.