☞ There are two ways a person can earn a living. They are
1. SELF-EMPLOYMENT : Self-employed people are those who start businesses to satisfy the needs of people.
Note: A self employed person who is always trying to make his/her business better by taking risks and trying new ideas is an entrepreneur.
2. WAGE EMPLOYMENT : Wage employed people are people who work for a person or an organization and get paid for that work.