The gig economy is a market model in which workers contract with organizations for temporary, short-term engagements.
Typically, a worker has the ability to pick and choose when he or she will work and how often. There are two major sub-groups in the gig economy. The first group deals with personal services, like Uber, Lyft, and Handy. These companies serve as intermediaries who connect consumers with services. The second group deals with goods and impersonal services, like AirBnB and Etsy. These companies serve as intermediaries who connect buyers and sellers.