Profession - Meaning and Features
Meaning of Profession
All those economic activities that involve the rendering of personal service of specialized and expert nature based on professional training and skill and require the observance of certain rules and regulations are termed as Profession.
Examples:
- Doctor: Medical professionals who diagnose, treat, and help prevent diseases and injuries.
2. Lawyer: Legal experts who represent clients in legal matters, providing advice and advocacy in courts.
3. Engineer: Professionals who apply scientific and mathematical principles to design, develop, and improve structures, machines, and systems.
4. Architect: Experts in designing buildings and other structures, ensuring they are functional, safe, and aesthetically pleasing.
5. Accountant: Financial professionals who manage and analyze financial records, ensuring accuracy and compliance with regulations.
These professions require specialized education, training, and adherence to ethical standards set by their respective professional bodies.
Profession - Meaning and Features
Features of Profession
(a) Special knowledge and skill
A profession requires individuals to acquire specific knowledge and skills through formal education and training. This expertise is critical for performing their specialized tasks effectively.
(b) Remuneration
Professionals receive payment for their services in the form of fees. This remuneration compensates for their specialized expertise and the services they provide.
(c) Professional body
Many professions are governed by a professional body that sets ethical standards and codes of conduct. For example, the Institute of Chartered Accountants of India (ICAI) regulates the practice of chartered accountants in India.
(d) Specialized knowledge
Professionals gain their expertise through formal education at universities, colleges, or specialized training institutes, ensuring they are well-equipped to perform their roles.
(e) Freedom of work
Professionals often work independently, offering their services on a fee basis. Some may also work as employees or consultants within organizations, leveraging their specialized skills.
(f) Service motive
The primary goal of a profession is to provide valuable services to the public. While professionals charge fees for their services, their primary objective should be to serve and not exploit their clients.