Distinguish between business, profession and employment.

If you running an organisation or firm without any recommended qualification than it called business. if you are running a firm that need some professional qualification like CA firm, Advocate legal firm , Architect firm etc. than it called profession. and if you are doing job in an organisation than it called emloyement. read less

A business is organized to produce or distribute goods or services to society in order to earn profit. profession:Profession, on the other hand refers to a vocation which a person adopts after getting specialized training. The professional men provide services of specialized nature to the community. The professionals are mainly of two types. Those who carry on the profession purely for profit motive Those who are not guided by profit motive but are strongly motivated to provide services to the community. The professor, doctors, engineers, accountants, artists, scholars etc fall in the category of professionals. Employment: It is an engagement of a person on an agreed payment for assistance in production or in the purchase and sale of goods and services. the payment which is paid to the employee is called wages or salary. read less