Write any two differences between business and profession.
Answers
Answer:
Business means to earn profit by supplying goods and services, whereas profession is an advice or service rendered by one or a group of persons which does not include manufacturing or selling of goods. In order to become a professional, a person has to attain certain academic qualifications and training.
Answer:
Difference Between Business and Profession
Last updated on October 14, 2017 by Surbhi S
business vs professionHuman activities are primarily classified into two categories, i.e. economic activities, and non-economic activities. Economic Activities are the activities conducted with an aim of earning money or livelihood. Further, these activities are sub-divided into business, profession and employment. There is a huge difference between business and profession in the sense that there is no minimum qualification required for starting a business. It means an activity that is related to buying and selling of goods.
On the other hand, a profession is nothing but a paid occupation that requires a person to be formally qualified, expert and trained in a particular field to be called as a professional. Take a read at this article to know more on the two topics.