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Differentiate between Profession, Trade, Business, Commerce, Occupatio...

  Nov 26, 2016

Differentiate between Profession, Trade, Business, Commerce, Occupation and Vocation

A professional is an individual who  is educated and skilled and does  complex work. Professionals are doctors, lawyers, accountants, economists, professors, teachers, etc. Trade is buying and selling that also includes imports and exports (foreign trade). It is a part of business activity. Business is wider term inc of manufacturing, procuring and selling. In the USA, business and commerce are used synonymously.  Occupation is what we do for a living.  Vocation, on the other hand, is the talent we are inherently equipped with.