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Key Terms

access economy
a nontraditional business model in which consumers participate on both sides of a transaction, sometimes facilitated by a third party
artificial intelligence (AI)
the branch of science that uses computer algorithms to replicate human intelligent behavior by machines with minimal human intervention
flextime
a work schedule in which employees can select their own start and finish time
gig economy
an environment in which individuals and businesses contract with independent workers for the completion of short-term assignments, engagements, or projects, offering few or no benefits beyond compensation
job sharing
the use of two or more employees to perform the work of one full-time position
robotics
a field of research that includes computer science, mechanical and electronics engineering, and science process with the objective to produce robots, or related forms of automation, to replicate human tasks
telecommuting
working from a remote location (home or other space) by means of electronic connections

 

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