distinction between business,profession and employment
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business means when someone opens their own work of their own choice.
employment means when someone is working under other person for their salary.
profession means when someone loves to do something as their hobby and then he or she turns their hobby into their work to gain money so this is known as profession.
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The main objective of business is to earn a profit. The main objective of a profession is to provide service. The main objective of employment is to earn income in the form of salary by satisfying the employer. ... It involves production, purchase & sale or exchange of goods & services.
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