Self-employment refers to the situation where an individual earns a living directly from their own business, trade, or profession, without being employed by a large organisation or working for a regular salary or wages from an employer. Self-employed individuals are their own bosses and are responsible for all aspects of their work, including planning, organizing, managing finances, and providing the goods or services they offer. This can include a wide range of occupations, from freelancers and independent contractors to small business owners and entrepreneurs. Self-employment offers autonomy and the potential for greater control over one's work life and income, but it also typically involves more risk and responsibility compared to traditional employment.