IT 1000 Lecture Notes - Lecture 1: Entrepreneurship, Precarious Work, Perfect Competition

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Differences between an independent contractor and an employee. = degree of control over work: the ic has more degree of control over what and how he wants to do his work unlike the employee that has to follow instructions from his employer. = degree to which a worker performs an essential service for the organization: the. Ic could be easily laid-off because they work on periferals(things that arent really improtant to the organization. ) = degree to which the organization provides necessary tools: ic"s usually own their tools unlike the employees whose tools are usuallly provided by the organization. Other classifications of jobs in businesses: there are many people who perform work but are not necessarily employees. = ic"s they earn revenue since they are actually running theirbown business not working as an employee. = self employed persons almost the same as the ic"s.

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