The tangible assets are the class of assets that are physically present, thus they can be seen or touched. On the other hand, the intangible assets represent the assets which are abstract, i.e. they can neither be seen nor touched, but can only be experienced. Assets are anything having some value, which is owned by an individual or firm and is expected to provide economic benefit in future. It is the basic business requirement that is needed by the company for its smooth functioning. It is … [Read more...]
Difference Between Income and Wealth
While income is generated, wealth is created, there is a big difference between two. Many think that these two terms are one and the same thing, but in reality, income is a stream of money, which a person receives from different sources such as salary, rent, profit, interest etc., that helps in the creation of wealth and wealth is the total market value of all the assets possessed, stored or saved by a person for future use. The former is the money earned by a person, over a limited period … [Read more...]
Difference Between GDP and GNI
GDP, i.e. gross domestic product refers to the aggregate market value of all the finished goods and services produced by a country. On the other hand, GNI stands for gross national income which takes into account country's GDP and net income earned abroad. National income refers to the ultimate outcome of all economic activities of the country during a period of one year, measured monetarily. It is an imperative macroeconomic concept, that ascertains the business level and the economic status … [Read more...]
Difference Between Structured and Unstructured Interview
The structured interview uses preset questions, which are asked to all the candidates. On the other extreme, in an unstructured interview, the questions which are asked are not determined in advance, rather they are spontaneous. Interview is described as an in-depth conversation between two or more persons, in a formal way, so as to figure out candidate's acceptability for the job. It is one of the most effective tools for data collection and selection. It is one to one communication between … [Read more...]
Difference Between Physical Change and Chemical Change
In our daily life, we encounter many changes in our surroundings, though we do not notice them, such as souring of milk, rusting of iron, stretching of a rubber band, bread becoming toast, melting of wax, liting of a match, etc. All these changes that take place around us are physical change or chemical change. Physical changes are the changes that change the physical traits of the substance, without making any change in their internal structure. On the other hand, a chemical change is one … [Read more...]
Difference Between Living and Non-Living Things
Everything that surrounds us is either living or non-living and the only characteristic that bifurcates the two is life. All living things like plants, animals, insects, birds, microorganisms, etc. have one feature in common and that's life. So, living things implies all those creatures of nature, that has life. On the other hand, non-living things such as bottle, pen, chair, door, computer, mobiles, etc. are the one's who are not alive. Living things are composed of units called cells, which … [Read more...]
Difference Between Solid, Liquid and Gas
Everything that surrounds us, such as air, food, water, plants, animals, vehicles, clothes and so forth is made up of matter. The matter is a collection of particles and is anything that has mass and occupies space. There are three fundamental states of matter, i.e. solid, liquid and gas. The states of matter take place due to the variations in the molecules of matter. The size and shape of a solid object is definite. Nevertheless, if we talk about the other two states of matter, that is … [Read more...]
Difference Between Kinetic Energy and Potential Energy
Energy implies as the object's capability to perform work. It is something that cannot be created or destroyed but can only be transformed. An object loses its energy, when it performs work, whereas it gains energy when the work is performed on it. Energy is broadly classified as kinetic energy and potential energy. While kinetic energy is the energy which an object contains because of a particular motion. On the other hand, potential energy is the stored energy, because of its state of rest. … [Read more...]
Difference Between Mass and Weight
While mass measures, how much matter is present in an object. Weight measures how strongly an object is pulled due to gravity. These two terms are often encountered by us in our day to day life. Whenever we discuss the weight of the body, we actually talk about its mass, but these two are not synonyms, in fact, these two are different notions. Due to the lack of knowledge people use the two interchangeably, which is incorrect, as mass is the fundamental property of matter whereas weight is … [Read more...]
Difference Between Scalar and Vector Quantity
Scalar quantity refers to the quantity, which has only magnitude and no direction. On the other hand, vector quantity implies the physical quantity which comprises of both magnitude and direction. Physics is a science based on mathematics. While studying physics, we go through a number of concepts and notions, which rely on mathematics. The mathematical quantities explaining the motion of a body are bifurcated into two groups, i.e. scalar quantity and vector quantity. For a layperson, the … [Read more...]
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