Question

(a) Compare on ground of initial investment risk of loss and qualification the difference between profession and employment.

Answer 1

$\begin{array}{cccc}\text{S.No.}& \text{Basis}& \text{Profession}& \text{Employment}\\ 1.& \text{Initial investment}& \text{Limited capital investment is required.}& \text{No capital investment required}.\\ 2.& \text{Risk of loss}& \text{In profession there is little risk of loss}& \text{In employment there is no risk of loss as}\\ & & \text{present.}& \text{wages/salaries are paid every month or}\\ & & & \text{according to the contract.}\\ 3.& \text{Qualification}& \text{Prescribed and professional}& \text{Qualification depends on the nature of}\\ & & \text{qualification and training required}& \text{job.}\end{array}$