Self-employment is called self-employment. To put it more clearly , self-employment is the process of earning one's own living by taking one's own or borrowed resources , using one 's own thoughts , knowledge , intelligence and skills with minimal risk. Self-employment is one of the alternatives to a wage-based job. Self-employment refers to a profession when a person earns a living by providing services based on his skills or qualities. For example , self-employment is when a carpenter makes his own wooden furniture without earning a salary in a timber farm and makes a living from the income generated from it. In fact, most of the working population of a country is engaged in self-employment.