Why do individuals go for self employment?
Self employment can be categorized within the form of the status in the labor market that can cover a vast range of activities. There are various reasons as to why individuals may go for the option of self employment and this is why the group might be heterogeneous. On the one end, the self employed individual can be seen as a single, entrepreneurial employee having micro businesses whereas, on the other end, a possible spectrum is that a group may comprise those people who tend to fail in finding an appropriate paid employment prevailing within the current market conditions. For instance, those who require working in flexible hours might rightly select the self employment way of earning an income in case a paid contract of employment that is offering enough flexibility is unavailable. There are others who consider the idea of self employment as the only alternative to unemployment.
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