Question

employment vs profession [any three points]

Answer 1

Answer:

Profession

• Profession refers to that work which requires special skill and knowledge so as to do a specialized job
• The difference between profession and employment is the main objective of a profession is to provide service
• . Profits are uncertain and irregular; risk is present in profession

Employment

• employment refers to working for somebody else which may be sole proprietorship or partnership  company
• on the contrary, the objective of employment is to earn income in the form of salary by providing satisfactory work to the employer.
• Employment is a relationship between two working parties who usually is based on contract and is paid for, here one party, which may be a corporation,

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