A Gig Economy is a labour market characterised by the prevalence of short-term contracts, temporary, or freelance work that is based on workforce participation and income generation by a single project or task for which a worker is hired without guarantee of pay, but normally paid per piece (e.g., a set rate to deliver a package or drive a fare to a location, etc.) rather than working for an employer. (Opposed of a Permanent Job)
Related Definitions in the Project: The Commercial Definitions; Business Organisation