Explanation:

Only statement 2nd is correct.

• In a gig economy, temporary, flexible jobs are prevalent, with companies often hiring independent contractors and freelancers instead of full-time employees.

• Tech-enabled platforms connect consumers with gig workers for short-term services across various sectors.

• Sectors such as media, real estate, legal, hospitality, and technology are already operating within the gig economy framework, offering opportunities for self-employed individuals, freelancers, and part-time workers.

• The proliferation of freelancing platforms facilitates connections between gig workers and businesses, enabling seamless transactions.

• Gig workers miss out on traditional employee benefits such as pension and gratuity, leading to financial insecurity.

• Unfair termination and inadequate wages pose significant challenges for gig workers, contributing to job insecurity.

Hence option 1st is correct.