The on-demand economy according to scientists and economists is “the on-demand economy is defined as the economic activity created by digital markets that meet the demand consumer demand through immediate and convenient access. supply of goods and services. In short, this type of economic operation was created and modified to instantly meet consumer demand through websites that users can access and purchase products or services, thereby boosting productivity. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayThe gig economy (can be inter-substitutable with the gig economy), according to Investopedia: “it This is where temporary and flexible jobs are commonplace and companies tend to hire independent contractors and freelancers instead of full-time employees. A gig economy undermines the traditional economy of full-time workers who rarely change jobs and instead focus on a lifelong career.” This means that companies are now recruiting freelance or casual employees (outsourcing) to do the work instead of employing full-time workers as in the past. The sharing economy, also known as “collaborative consumption” or “sharing economy,” is “a peer-to-peer economy.” peer-to-peer activity of obtaining, giving or sharing access to goods and services, coordinated via community-based online services.” Taking Uber, Airbnb, Grab, Lazada, Amazon, Shopee for example. These type of companies all outsource to other places to do their business. They employ people in services like Uber, in peer-to-peer ridesharing, people driving their cars and picking up customers, so people are actually services. Other examples are Shopee, Amazon, Airbnb. Companies operate their businesses through websites, providing consumers with online choices for accommodations, products, goods, and other services, but they do not own any of these products. Anyone who wants to sell their products or services can be part of their staff and are flexible with their time when participating in this type of online work for businesses. Keep in mind: this is just a sample. Get a custom paper now from our expert writers.Get a Custom EssayThe “gig economy” can be exploitative due to certain cases such as the following. First, it is exploitative when employee laws are destroyed. For example, workers are not under the protection of the law since all their jobs are signed with short-term contracts or no contracts at all. Furthermore, they did not benefit from the insurance since companies did not have to pay, unlike full-time employees working in traditional business models. Second, it could ruin the traditional business structure and erode the foundations of the “employer-employee” relationship. Third, this digital and internet-based economy unfairly exploits and uses relatively low-wage employees to gain profits and benefits due to personnel classification...