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Advantages and disadvantages of relying on tourism as a major source of revenue


You should spend about 40 minutes on this task.

Present a written argument or case to an educated reader with no specialist knowledge.

Write about the following topic:

Nowadays many people choose to be self-employed, rather than to work for a company or organization. Why might this be the case? What could be the disadvantages of being self-employed?

Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Write at least 250 words.

Sample Answer:

In recent years, there has been a noticeable shift in the way people choose to earn a living, with more individuals opting for self-employment over traditional employment with a company or organization. There are several reasons why this trend may be occurring, as well as potential drawbacks to being self-employed.

One of the primary reasons for the growing number of self-employed individuals is the desire for greater flexibility and autonomy in their work. Many people are drawn to the idea of being their own boss, setting their own hours, and having more control over the type of work they do. Additionally, advancements in technology have made it easier than ever to start and run a business from home, eliminating the need for a physical office space and reducing overhead costs.

Another factor contributing to the rise in self-employment is the potential for higher earnings. While there are certainly risks involved in running a business, successful self-employed individuals have the opportunity to reap the full rewards of their hard work, rather than receiving a fixed salary from an employer.

However, being self-employed also comes with its own set of challenges and disadvantages. One of the most significant drawbacks is the lack of job security and stability. Without the safety net of a regular paycheck, self-employed individuals must constantly hustle to find new clients and projects in order to sustain their income. This can lead to periods of financial uncertainty and stress, particularly for those just starting out in their self-employment journey.

Additionally, self-employed individuals often have to take on multiple roles within their business, such as marketing, accounting, and customer service, which can be overwhelming and time-consuming. Without the support of a team or colleagues, they may also experience feelings of isolation and loneliness.

In conclusion, while self-employment offers numerous benefits such as flexibility and potential for higher earnings, it also comes with its own set of challenges, including financial instability and increased workload. Ultimately, the decision to be self-employed or work for a company depends on an individual’s personal preferences, skills, and risk tolerance.

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