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Business Studies

Distinction between Business, Profession and Employment

In this Class 11 Business Studies topic from “Business, Trade and Commerce,” students learn to distinguish among business, profession and employment as three forms of economic activity. The explanation compares their objectives, nature of work, required qualifications, investment, risk, authority, rewards and ethical or legal responsibilities. Familiar examples show how profit, professional fees and wages or salaries differ, helping learners identify the defining features of each and apply the comparison to everyday and organisational situations.

Expert · Level 1 · 1 questions

TOPIC PRACTICE

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  1. Profession is more connected with expert knowledge, conduct and social service
  2. Employment never has income
  3. Profession has no responsibility
  4. Employment has no work

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