Question

Difference Between Industrialist And Businessman

Answer 1

Answer:

Industrialist vs. Businessman

To understand the basic difference, let us break down the categories and first see the differences between an Industrialist and a businessman. To begin with, businessmen often choose to take up a pre-existing idea and establish a business that is bound to give results and profits. Industrialists, on the other hand, can be seen as people who create an idea and more than that, fuel the entire thought to shape up markets and industries. Businessmen don’t take many risks as the intent of their business is to earn profits. Industrialists, on the other hand, wish to achieve a bigger goal than just making profits. They want to create something meaningful with a vision to behold a substantial cause.  

Apart from that, there is also a difference in the scale of operations between the two. Even a small shop owner can be a businessman. But to be an industrialist, you either need to create an entirely new industry or head operations of an industry with a larger reach. In short, every industrialist is a businessman, but the opposite of that is not true.

Businessman vs Entrepreneur

Businessmen and entrepreneurs  differ on the same lines as a businessman differs from an industrialist. We know the aim of a businessman is to make profits, but most entrepreneurs don’t care about money. Entrepreneurs want to change the world with their vision and passion. They want to find new answers to pre-existing problems, while businessmen often stick to pre-existing norms of doing business.

Answer 2

The business are ones who are engaged in the exchange of goods and services on a major scale. The  industrialist are ones who manage an industry and are innovative with their ideas

Explanation:

Businessman

• The businessman start the business through an existing  idea or knowledge and they are interested in earning large profits with their business.
• The businessmen are traditional with their sense of work and they do not like to take risks. They have focus on their competition in the market.
• The businessman is more interested in profits and they hire people to increase their productivity of business.

Industrialist

• The other hand industrialists are innovative with their work and are interested building a large industry in a specific area.
• The industrialists are not afraid of taking risks and are ready to account for them. They look at working with a cooperative approach
• The industrialists are more oriented towards their people and they hire people for increasing their productivity and gives importance to their work

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