6 Identify & differentiate between (Any 5) A } A Person sells vegetable in the weekly market. B} It required prescribed academic qualification . C} It does not risk as one gets fixed and regular pay
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Comparison of Business, Profession and Employment
Economic activities are divided into three major categories, namely business, professions and employment. While all these may seem similar in the world of business they are distinctly different. Let us learn about all three and also the differences amongst them.
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Business
Business refers to those economic activities, which are connected with the production or purchase & sale of goods or supply of services with the main object of earning a profit. To earn income in the form of profit people engage themselves in business. Examples: fishing, mining, farming, manufacturing, wholesales etc.