write four differences among business, profession and employment
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Business: Business is where goods and services are exchanged for one another or for money. Profession: Requiring special knowledge & skill to be applied by individuals in their occupation is called a profession.
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Business refers to those economic activities, which are connected with the production or purchase & sale of goods or supply of services with the main object of earning a profit. To earn income in the form of profit people engage themselves in business. Examples: fishing, mining, farming, manufacturing, wholesales etc.
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