Written by the Fiveable Content Team • Last updated September 2025
Verified for the 2026 exam
Verified for the 2026 exam•Written by the Fiveable Content Team • Last updated September 2025
Definition
The gig economy refers to a labor market characterized by short-term, freelance, or temporary work arrangements, often facilitated through online platforms.
Related terms
Freelancing: Working independently on a project basis for multiple clients.
Platform Economy: An economic system where goods and services are exchanged through digital platforms.
Side Hustle: A secondary job or source of income that is pursued alongside one's primary employment.