gig started giganeers to earn a profit but by working hard and increasing his market shares , he was able to create jobs for others. this is an example of ________ concept.

circular flow

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This is an example of the concept known as "Entrepreneurship." Entrepreneurship refers to the process of creating and running a business venture, taking on financial risks in the hopes of earning a profit. Entrepreneurs like Gig often start their businesses with the aim of generating personal wealth and success. However, as they work hard and increase their market shares, successful entrepreneurs often create job opportunities for others, contributing to job creation and economic growth. In this case, Gig's entrepreneurship journey led to both personal success and the creation of jobs for others.