Both illusion and hallucination are perceptual disturbances. Hallucination is a false perception or wrong perception, in the absence of any object. On the other hand, the illusion is a false perception or perception in a wrong manner of a real object. So, in the case of hallucination, there is no object present, but it is the person who perceives that there is some object, but in the other case the person perceives an object differently than it is actually. When there is hallucination, an … [Read more...]
Difference Between Sensation and Perception
Do you know our sensory organs i.e. eyes, nose, ears, tongue, skin, etc. provide fresh information about the inside and the outside world? The primary experience of a stimulus identified by a specific sensory organ is called sensation. With this process, the information from the external world reaches our brain. On the other hand, the process with which we interpret the sensations experienced by us in our day-to-day life and then we act upon them is called perception. In this process, an … [Read more...]
Difference Between Bilateral Trade and Multilateral Trade
The primary difference between bilateral and multilateral trade lies in the number of participants, i.e. in a bilateral trade agreement involve two participants i.e. two nations, whereas in the case of multilateral trade agreements, entails three or more nations without discrimination between the countries involved. What is International Trade? International trade means the exchange of goods and services among multiple nations, wherein domestic companies can export their specialties to other … [Read more...]
Difference Between Over Subscription and Under Subscription
There are instances when all the shares which a company offers are not subscribed by the company, in that case, the total number of shares applied for is less than the number of shares offered by the company to the public. This is a situation of under subscription. On the other hand, there are also certain cases when the general public subscribes for more shares than the shares offered by the company, then in this case over subscription takes place. In this regard, first of all, we need to … [Read more...]
Difference Between Calls in Arrears and Calls in Advance
When a shareholder pays the amount due on calls before it is demanded, it refers to the calls in advance, and the amount received by the company, is kept in a separate account, i.e. Calls in Advance A/c, and so it is not indicated as the capital of the company until it is demanded by the company from the shareholders. In contrast, when the company issues notice to all the shareholders regarding the payment of allotment or call money due on the shares, it needs to be paid within the specified … [Read more...]
Difference Between Authorized Capital and Issued Capital
A company is an artificial person whose management is done as per its constitution which we know as Memorandum of Association (MoA). So, the company's MoA defines everything including the maximum amount that the company can raise from the general public by the issuance of shares. That upper limit stated with regard to the share capital is called Authorized capital. Authorized Capital refers to the share capital with which a joint-stock company is registered On the other hand, the issued … [Read more...]
Difference Between Revenue Deficit and Fiscal Deficit
Revenue deficit indicates indebtedness in the present budget owing to total revenue receipts and expenses proposed in the budget. It is a situation when the revenue expenditure is in excess of the revenue receipt. All such transactions having an influence over the current income and expenditure of the government are covered here. Conversely, Fiscal deficit is a measure that shows the degree of dependence of the government on borrowings. Fiscal Deficit reflects estimated borrowings by the … [Read more...]
Difference Between Re-Order Level and Re-Order Quantity
Re-Order Level (ROL) implies the material level at which purchase requisition is generated for a fresh supply of material. When the stock on hand, approaches the reorder point, the storekeeper takes action to replenish the exhausted stock. So, the difference between reorder level and minimum level will be adequate to meet the production requirement till the fresh supply is received. On the contrary, Re-Order Quantity (ROQ) represents the size of the order, which is going to be placed by the … [Read more...]
Difference Between Sacrificing Ratio and Gaining Ratio
Sacrificing Ratio is the ratio of sacrifice as to the part of profit made by the old partners, in favor of the one who is entering the firm. On the other side, the gaining ratio is the ratio of gain in the share of profit, received by the continuing partner when one of the partners resigns or leaves the firm. Change in Profit Sharing Ratio Change in the Profit Sharing Ratio (PSR) is due to the following reasons Purchase of a share of profit by one partner from another leads to a change in … [Read more...]
Difference Between Seasonal Unemployment and Disguised Unemployment
Disguised Unemployment refers to a form of unemployment that cannot be seen or noticed from outside, as it remains hidden. Basically, in disguised unemployment, it looks like everyone is employed however, ample full-time work is not available for all. On the contrary, Seasonal Unemployment is that type of unemployment in which people are not able to find any work for themselves during certain months of the year. What is Unemployment? Unemployment can be defined as a state of being without paid … [Read more...]
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