However an occupation is not backed with such responsibilities. There are some responsibilities which are associated with the profession. Occupation does not require any sort of training in a particular field, but the profession requires specialisation in a specific area, and that is why training is a must. This will depend on the answer that you give. Business: Business is where goods and services are exchanged for one another or for money. In a perfect world, your profession and occupation (or job) are the same thing. The professional is required to demonstrate that they are proficient in their field. An occupation or career: "One of the highest compliments a child can pay a parent is to choose his or her profession" (Joan Nathan). The primary objective of a business is to earn profit whereas profession is aimed at providing services. Thus, in sum, yes, business is an occupation. Q.1. • Profession is more respectable and higher earning than a mere occupation. 2. Notice how you need a degree (higher education) to be able to work in these professions. Occupation definition: Your occupation is your job or profession. Some say an occupation is what you do for a living, while a profession is what you were trained to do. People engaged in business earn income in the form of profit. 2(3) has defined the term as “ any trade, commerce, manufacturing activity or any adventure or concern in the nature of trade, commerce and manufacture”. But from the point of view of a person who is working under a boss in a business, he is not a businessman, rather he is a normal salaried worker. Profession refers to vocation, in which high degree of education or skills is required. For instance, your profession might be lawyer and your occupation, tax attorney. Unfortunately there are people that have a profession but work in something completely different. As opposed to the profession, the code of conduct is prescribed by the professional bodies which must be followed. An occupation that is not a profession generally allows the person less autonomy. Originally … b. Employment Ans. In contrast to the profession, where transferability is not possible as it requires specialised skill and knowledge. whereas article 301 of the Constitution of India declared that trade … The State may prescribe the professional or technical qualifications necessary for trade, business or occupation, for example, it may prescribe that a lawyer must hold LL.B. Employment and c. Business! See more. In this connection it is not necessary that there should be a series of transactions in a business and also … List of industrial occupations. An occupation. An act or instance of professing; a … Topic: Occupation I. The distinction between non-professional and professional jobs is often fuzzy and in flux. Specialized knowledge of study is required. the principal business of one's life : vocation. Examples of professions are accountants, architects, doctors, engineers, lawyers, teachers. (noun) Wikimedia Commons has media related to Business and financial operations occupations. 4) a profession or occupation chosen as one’s life’s work; 5) the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits; 6) an affair, matter; serious work or activity; a trade or profession; an industrial, commercial, or professional operation; purchase and sale of goods and services; 7) a person who directs or manages an organization, industry, shop, etc. For example, … A … This median annual wage for business and financial occupations was $69,820 in May 2019, which was higher than the median annual wage for all occupations of $39,810. Contents: Meaning of Occupation; Classification of Occupation; A. However, the difference between profession and occupation is sometimes unclear. Profession is a form of economic activities, wherein special skills, knowledge and expertise is required to be applied by the person, in his occupation. Required as per the size and nature of business. Occupation is an activity undertaken by the person to earn his livelihood. Occupation and Profession are two words that are often used interchangeably. A profession is licensed. An occupation or career: "One of the highest compliments a child can pay a parent is to choose his or her profession" (Joan Nathan). On the contrary, specialised knowledge of study, training and expertise is the major requirement for the profession. A professional is completely independent. It involves extensive training and special knowledge. This right aims at the welfare and well being of the citizens as well as the nation as a whole. Perhaps the only other Constitutions which have given them the Status of fundamental rights are those of Ireland and Switzerland. An activity engaged in especially as a means of passing time; an avocation. A profession is a disciplined group of individuals who adhere to ethical standards. Update : A profession is a vocation founded upon "specialized educational training", the purpose of which is to supply disinterested counsel and service to others, for a direct and definite compensation, wholly apart from expectation of other business gain. List of metalworking occupations; List of railway industry occupations; List of sewing occupations ; Law enforcement and armed forces. As against this, the advertisement is strictly prohibited as per professional code of conduct. There are tight restrictions as to what types of businesses can operate from a home.. Globalization, a growing economy, and a complex tax and regulatory environment are expected to continue to lead to strong demand for accountants and auditors. A profession is by definition employment where the needs of the people you work for supercede your needs. OCCUPATION JOB SUMMARY ENTRY-LEVEL EDUCATION 2019 MEDIAN PAY ; Accountants and Auditors: Accountants and auditors prepare and examine financial records. But profession refers to an occupation that requires formal qualification or long training. Sociologists who study the professions have employed a wide range of perspectives and criteria for determining what makes an occupation a profession. Why is "businessman" considered a profession instead of an occupation ? Richard Barker makes several interesting and important points in his July-August 2010 HBR article, “No, Management is not a Profession“. Job title, career, profession, occupation, etc. And for the most part, they carry this out not for fame or fortune, but for sake of teaching those eager to learn. Occupation definition: Your occupation is your job or profession. The profession is also an occupation when the person is paid for utilising his skills and expertise. A businessman gets profit as a return for the work done by him/her. The difference between occupation and profession can be stated with a simple example: Designing a building would be called a profession, whereas, constructing a building is an occupation. Employment: The occupation in which a person works for others and gets a fixed and regular income is employment. Occupation vs Profession. Article 19 (1) (g) guarantees that all citizens shall have the right to practice any profession, or to carry on occupation, trade or business. A doubt was expressed in the Constituent Assembly whether these were fundamental rights at all. 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