Question

Give any three points of difference between business and employment.

Answer 1

$\begin{array}{ccc}\text{Basis}& \text{Business}& \text{Employment}\\ \text{1. Mode of establishment}& \text{Business is started with entre-}& \text{Appointment letter and service con-}\\ & \text{preneurs decision and other legal}& \text{tract is required for employment.}\\ & \text{formalities is necessary.}& \\ \text{2. Nature of work}& \text{Provision of production and exchange}& \text{Performing work as per service}\\ & \text{of goods and services to the public.}& \text{contract or rules of service.}\\ \text{3. Motive}& \text{To earn profits.}& \text{To earn remuneration in the form}\\ & & \text{of wages or salaries.}\end{array}$