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Describe Two Advantages and Two Disadvantages of Self-Employment

question 45

Essay

Describe two advantages and two disadvantages of self-employment.


Definitions:

Probability

A numeric value between 0 and 1 that represents the chances of an event taking place.

Aggressive Strategy

An investment or business strategy aimed at achieving high returns by taking on a higher level of risk.

Conservative Strategy

An investment or management approach that prioritizes safety and risk avoidance, often by choosing stable and less volatile assets.

Expected Monetary Values

A financial concept that represents the average outcome when the future includes scenarios that may or may not happen.

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