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Which of the following statement best describe the word 'Gig Economy'?

1
It is a free market system in which Permanent positions are common and organizations contract with independent workers for long-term engagements.
2
It is a free market system in which temporary positions are common and organizations contract with independent workers for long-term engagements.
3
It is a free market system in which Permanent positions are common and organizations contract with independent workers for short-term engagements.
4
It is a free market system in which temporary positions are common and organizations contract with independent workers for short-term engagements.

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