Part-Time:
A part-time job is a form of employment that carries fewer hours per week than a full-time job. Part-time workers commonly work fewer than 30 or 35 hours a week According to the Internationa Labour Organisation, in most developed countries.People may work part time voluntarily or for economic reasons (i.e. they had their hours cut back or are unable to find full-time jobs).
"Part-time" can also be used in reference to a student to earn some money.
Full-Time:
A permanent full-time job usually has benefits(such as health insurance, vacation time, sick pay, and payments into pension funds), while temporary full-time jobs usually do not have benefits and most of the times full-time jobs requires a contract. Full-time jobs are often considered careers. They pay more than part-time jobs, and always carry more hours per week.A person working more than full-time is working overtime,and need to be paid extra per-hour wages(but not salary).
Full-time varies between companies, and is often based on the shift the employee must work during each workweek. The "standard" workweek consists of five eight-hour days, totaling 40 hours.
Sources:http://www.wisegeek.com/what-is-a-full-time-job.htm
http://en.wikipedia.org/wiki/Full-time
http://en.wikipedia.org/wiki/Employment#Employment_contract
http://en.wikipedia.org/wiki/Part-time
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