Topics
Introduction of Commerce and Business
Trade
- Concept of Trade
- Internal Trade
- Wholesale Trade
- Retail Trade
- Types of Retailers> Itinerant Retailers
- Types of Retailers> Fixed Shop Retailer
- Small Scale Fixed Retailer
- Large Scale Fixed Retailers
- Departmental Stores
- Super Market Shop
- Chain Stores or Multiple Shops
- One Price Shop
- Concept of Mall
- International Trade
- Export Trade
- Procedure of Export Trade
- Import Trade
- Procedure of Import Trade
- Entrepot Trade
- Comparison of Different Types of Retailers and Trade Practices
Small Scale Industry and Business
Forms of Business Organisation - 1
- Private Sector Organisations
- Sole Trading Concern
- Partnership Firm
- Types of Partners
- Types of Partnerships Firms
- Hindu Undivided Family Business Or Joint Hindu Family Business
- Co-operative Society
- Types of Cooperative Societies
- Joint Stock Company
- Amul: A Successful Co-operative Movement in India
- Private Limited Company
- Public Limited Company
- Comparison of Different Forms of Business Organization
Forms of Business Organisation - 2
Institutes Supporting Business
Business Environment
- Concept of Business Environment
- Importance of Business Environment
- Dimensions of Business Environment
- Internal Factors
- External Factors> Natural Environment
- External Factors> Social Environment
- External Factors> Political Environment
- External Factors> Economic Environment
- External Factors> Technological Environment
- External Factors> Legal Environment
- New Economic Policy and Business
- Liberalisation
- Privatisation
- Globalisation
- Impact of New Economic Policy on Business
Introduction to Management
- Introduction
- Features
- Real-Life Application
- Key Point Summary
Maharashtra State Board: Class 11
Introduction
A profession is a type of economic activity in which a person uses specialized knowledge and skills to provide services to others in exchange for a fee. E.g., Doctor, Lawyer, Engineer, Chartered Accountant, and Teacher, etc.
- It usually needs advanced education or training.
- Professionals often follow rules or codes of conduct set by their professional bodies or councils.
Maharashtra State Board: Class 11
Features
Maharashtra State Board: Class 11
Real-Life Application
Dr. Meera, after earning her MBBS and registering with the Medical Council, opens her own clinic. She treats patients and earns a fee for her service. She can’t let her unqualified friend run the clinic- even if they are close.
Maharashtra State Board: Class 11
Key Point Summary
- A profession relies on specialized knowledge and recognized qualifications.
- Professionals must be registered/licensed and follow ethical codes.
- Income comes from services, not from selling goods.
- It cannot be transferred to someone who is not qualified.
