Self-employment refers to the situation where an individual works for themselves rather than being employed by a company or organization. This can include freelancers, independent contractors, and business owners who provide goods or services directly to clients or customers. Self-employed individuals have the freedom to set their own schedules and make decisions about their work. However, self-employment also comes with responsibilities, such as managing finances, paying taxes, and securing health insurance. Unlike traditional employees, self-employed individuals must handle their own benefits and may face fluctuating income. This path can offer flexibility but requires self-discipline and business acumen.