The paragraph provides a description of the gig economy, its features, and its benefits for companies.
The gig economy is an economic system in which temporary positions are common and organizations contract with independent workers for short-term engagements. This type of economy is also referred to as the sharing or collaborative economy. In the gig economy, companies do not have to commit to long-term contracts or commitments and can quickly hire and fire individuals to meet their needs.
### Instruction:
Write a classification statement which best describes the following paragraph

### Input:
The gig economy is an economic system in which temporary positions are common and organizations contract with independent workers for short-term engagements. This type of economy is also referred to as the sharing or collaborative economy. In the gig economy, companies do not have to commit to long-term contracts or commitments and can quickly hire and fire individuals to meet their needs.

### Response:
