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Q.What is a Profession?
Rajasthan RbseRajasthan Board Senior Secondary Part-I Commerce Examination 2025Subjective· 1mImportance★★★★★est
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Start your 14-day free trial to unlock the full solution →A profession is an occupation based on specialised knowledge, acquired through formal training, and regulated by a professional body.
Among the three branches of economic activity (business, profession, employment), a Profession is distinguished by: (i) it requires specialised knowledge and skill gained through intensive education/training, (ii) a professional body (e.g. the Bar Council, Medical Council, ICAI) regulates entry and conduct through a code of ethics, (iii) the professional's reward is called a fee rather than profit or wages, and (iv) personal service is rendered bas …
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