What are the difference between business and profession?

The followings are some of the differences between profession and business.


  • It involves an activity relating to purchase and sale of goods with an objective of earning profit.

    Mrs. Miceli's Business Courses 14-15

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  • It does not necessitate specialized study of knowledge.
  • The primary objective of the business is maximization of profit.
  • It involves huge amount of capital.
  • The entire process of business involves risks.



  • It involves rendering of specialized services for a reward called a fee.
  • Profession necessitates specialized study, training and knowledge.
  • It involves element of service in exchange of an economic reward.
  • It involves less amount of capital.
  • Though risk is there in profession, it is negligible.
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