Answer Posted / thakkar mohini
Service and business are two differnt things and ther is a
big difference between these two words.
Service = Service means job from which a person can earn
money by doing specific work in specifc timing and person
gets salary by doing approproiate work. In service there is
no responsiblity of any profit or loss in serviceman, he
get salary time to time against work. In short in service
person has to work in anybody's under, in this any one type
of knowledge is required reagrding appropriate field.
Eg.
A clerk is doing work in Advoacte's office and that person
paid him salary month to month, in this that person whose
post is clerk in office get salary month to month by doing
appropriate work under Advoacate, that person is not
concern with problem that Advoacte recieves matters or not,
he gets his salary against his work(service), we can say it
job also.
Business = Business mean the person who starst it is own
his responsiblities only and he has to suffers with profit
or loss and he has to invest everything in it. in this he
can't get salary but get profit or loss. To do business
some basic things like lots of reaponsiblities e.g.
Government Polices, work, internal and external environment
of work, problem solutions etc. are required most and
entreprenure has to do these or solve these problems alone
only and. Thus, it busniess gives you money but with
responsiblities.
Thus, basic differences in it are:
1)In business responsibility is main, while in service it
is less;
2)In business person gets consideration by way of and in
the nature of profi or loss while in service as a salary:
3)In business person does work independetly while in
service person have to do work in anyone's under.
These are basic difference between service and business.
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