Consider the following statements about lsquo gig economy rsquo 1 It provides flexibility to the nbs...........

Explanation:

1 and 3 only

It provides flexibility to the workers: This statement is correct. One of the characteristics of the gig economy is its flexibility, allowing workers to take on short-term, freelance, or temporary jobs.

It is also called a zero-hour contract: This statement is incorrect. A zero-hour contract is a specific type of employment contract in which the employer is not obliged to provide the worker with any minimum working hours, and the worker is not obliged to accept any work offered. This is not synonymous with the gig economy, which can take various forms.

Workers in a gig economy lack protection: This statement is correct. Gig economy workers, often classified as independent contractors or freelancers, may lack some of the traditional employment protections, such as minimum wage guarantees, health benefits, and job security.