Business, Profession, and Employment:
Business:
- Definition: Business involves the production or purchase and sale of goods or services to make a profit.
- Ownership: In business, individuals or groups of individuals own the enterprise.
- Risk: Business owners bear the risk of losses and uncertainties.
- Control: Business owners have control over decision-making processes and operations.
- Profit: The primary goal of business is to earn a profit by providing goods or services.
Profession:
- Definition: A profession involves a specialized field of work that requires specific education, training, and skills.
- Qualifications: Professionals typically have formal qualifications and certifications in their respective fields.
- Code of Ethics: Professionals adhere to a code of ethics and standards set by their professional bodies.
- Autonomy: Professionals have autonomy in their decision-making and are responsible for their actions.
- Service: The primary goal of a profession is to provide specialized services to clients or society.
Employment:
- Definition: Employment refers to the relationship between an employer and an employee in which the employee works for the employer in exchange for a salary or wages.
- Responsibilities: Employees have specific job roles and responsibilities assigned to them by their employers.
- Supervision: Employees work under the supervision of their employers or managers.
- Benefits: Employees may receive benefits such as health insurance, paid leave, and retirement plans from their employers.
- Stability: Employment provides a stable income for individuals and job security.
In conclusion, business involves the production or sale of goods/services for profit, a profession entails specialized work with specific qualifications and ethics, and employment refers to the relationship between an employer and an employee for a salary or wages. Each has its unique characteristics and plays a crucial role in the economy.

Difference between business profession and employment