Question

differentiate between business and profession

Answer 1

Business is an economic activity concerned with the production or purchase and sale of merchandise and rendering of services with the purpose of earning profit.

Profession is a form of economic activities, wherein special skills, knowledge and expertise is required to be applied by the person, in his occupation.

Answer 2

Business and Profession

Business is a financial action concerned about the generation or buys and clearance of product and rendering of administrations to procure a benefit.

A profession is a type of financial exercises, wherein extraordinary abilities, learning, and aptitude is required to be applied by the individual, in his occupation.

In basic terms, business is the reasonable control of an individual where they participate in a movement to gain the benefit and procure riches.