Comparison of Business, Profession and Employment-

Business

Profession

Employment

The aim of the business is to earn profit.

No prescribed code of conduct.

Production, distribution and sales of goods and services activities are performed. 

To start a business there is no minimum qualification required.

The aim of the profession is to provide service.

Professional associations prescribe the code of conduct.

Professionals render services of specialized nature.

Professional qualifications and training required.

Employment aims to earn income in the form of salary, remuneration, etc. 

Employees follow the terms and conditions of the contract.

Employees only perform the work assigned to them at office hours.

Every job requires its own qualifications.