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Your Working Life
| Term | Definition |
|---|---|
| Work | is any activity that requires effort, either physical or mental |
| Self Employment | refers to people who work for themselves rather than being employed by somebody else |
| A Volunteer | is a person who works for an organisation but does not get paid |
| A Person Is Unemployed | if they currently have no paid work |
| Sole Traders | are self employed people who own and manage their own small business |
| Partnerships | are where two or more people( but not more than 20 ) are in business together in order to share both the running of a business and the profits |
| Companies | are businesses owned by investors called shareholders. They are registered with the Companies Registration Office (CRO) |
| Co-Operatives | are businesses that are democratically owned and controlled by their members, who may be the firm's workers, suppliers or customers |
| Public Sector Organisations | are owned by the state on behalf of the citizens and provide goods and services |
| Charities | are enterprises set up to provide a service, but not for profit |
| Employment | is any work undertaken for payment |
| Employer | is a person or organisation that pays the employee for work done |
| Employee | is a person who is employed in paid work |
Created by:
mary.igbini
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