Question

write any two difference between business and profession.​

Answer 1

Explanation:

Business

1. Capital investment required as per size and nature of business

2. Profits are uncertain and irregular, risk is present.

Profession

1.Limited capital required for establishment.

2.Fee is generally regular and certain, some risk is there.

Answer 2

Business :-

1). It is a type of economic activity in which a person produces and sells articles with the only purpose of making profits.

2). A profession is concerned with providing services that require a person to have a certain qualification in a particular niche in order to successfully do that.

Profession :-

1). No qualification is required. You are just required to produce, buy, and sell items in order to earn.

2). Qualification is required. It is mandatory that you have expertise in the area you are providing your services in.

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