Who works in exchange for a wage?

An employee is someone who works for a company or organization in exchange for a wage or salary. This relationship is typically governed by a contract, where the employee agrees to perform specific duties and responsibilities in return for monetary compensation and often additional benefits. Employees are essentially individuals who offer their skills, labor, and time to support the operations and objectives of an employer.

In contrast, a manager oversees employees and their work, but their role includes more responsibilities such as planning, organizing, leading, and controlling organizational resources. Managers may also receive a salary based on their managerial position, but their primary focus is on team and project management rather than simply performing tasks in exchange for a wage.

An entrepreneur is a person who starts and runs their own business, taking on significant risks in pursuit of profits. While entrepreneurs may receive wages if they decide to pay themselves, their financial outcomes are tied to the success of the business rather than a standard wage structure.

An investor provides capital to a business or venture with the expectation of financial returns but is typically not involved in the day-to-day operations. Investors are more concerned with returns on investment rather than engaging in work for a wage.

Therefore, the distinction of working in exchange for a wage directly aligns with the role of an employee,