What is the difference between freelancer and contractor?

What is the difference between freelancer and contractor?

A contractor typically works for one consumer on an exclusive basis through a recruiting or placement firm. They are basically a brief worker and will typically be expected to stay bound workplace hours so forth. The projects can tend to be long run, generally four to twelve months, though there are cases wherever short term projects are farmed out this manner. You are paid by the hour. Beside the sponsoring company providing some advantages, taking care of employment taxes and taking a cut of the hourly rate.

On the opposite hand, Freelancers typically work for multiple purchasers and find work on their own. They have a many relationship with the consumer firms, which means they are completely liable for their taxes, together with employment taxes, and edges themselves. Most projects are short term or are on an "on call" basis. Some work on website however typically they will work from their own location and solely visit the shopper workplace as required. It is common for freelancers to induce overbooked and not be able to complete work for all purchasers at intervals the desired time frames. That is why some corporations, those who are burned, favor to use contractors since they need bigger management.

Is it true? And what is your opinion?

Thanks by Ajlancer