Sampling means selecting a particular group or sample to represent the entire population. Sampling methods are majorly divided into two categories probability sampling and non-probability sampling. In the first case, each member has a fixed, known opportunity to belong to the sample, whereas in the second case, there is no specific probability of an individual to be a part of the sample. For a layman, these two concepts are the same, but in reality, they are different in the sense that in … [Read more...]
Difference Between Survey and Questionnaire
Survey and questionnaire are the two methods of acquiring data, from the respondents, based on interrogation. Both of them are methods used in the gathering primary data, whether it is for the marketing of a product, or collecting information from people on social issues. Surveys are the conventional way of carrying out research in which the respondents are questioned, with respect to their behaviour, awareness, motivations, demographics, and other characteristics. Conversely, Questionnaires … [Read more...]
Difference Between Census and Sampling
Census and sampling are two methods of collecting survey data about the population that are used by many countries. Census refers to the quantitative research method, in which all the members of the population are enumerated. On the other hand, the sampling is the widely used method, in statistical testing, wherein a data set is selected from the large population, which represents the entire group. Census implies complete enumeration of the study objects, whereas Sampling connotes enumeration … [Read more...]
Difference Between Knowledge and Wisdom
Many people mistakenly juxtapose knowledge for wisdom, as both are nouns and used in the English language. But the truth is that they are different. There are many quotes and sayings of knowledge and wisdom given by the experts and great personalities that define the significance of these two terms. Sir Francis Bacon said "Knowledge is power" while Gautam Buddha, hold that "Wisdom is highest of all five virtues". Knowledge is the accumulation of information, learned through education or … [Read more...]
Difference Between Motivation and Inspiration
"Where there is a will there is a way", is an old saying that motivates and inspires us to work and stay committed to our lifetime goals. All of us need some motivation and inspiration at some point in time in life. Many people might think that these two disciplines are more or less the same thing, but they are entirely different concepts. While motivation is always from an external source in an external environment, inspiration comes from within. The term motivation comes from the word … [Read more...]
Difference Between SLM and WDV
In accounting glossary, the term depreciation is often used, for writing off the value of the asset over its useful life. It is nothing but the decrease in the value of the fixed asset because of continuous use, the passage of time and technological obsolescence. There are nine different methods of calculating depreciation of assets out of which straight line method and written down value method is widely used. In straight line method (SLM), an equal amount of depreciation is written off every … [Read more...]
Difference Between Art and Craft
Weaving, painting, sculpture, pottery, photography, embroidery, macrame, etc. is it art or craft? These are two forms of creativity that are commonly juxtaposed by the people, as they don't see any difference in them. But the fact is that art is different from the craft in a sense that art is a creative merit that comes from within. On the contrary, the craft is skilled work, wherein there is an application of technique, that people learn through much practice. Next, art emerges from the … [Read more...]
Difference Between Objective and Subjective
There are a number of philosophical issues, relating to the questions of objectivity and subjectivity of a statement, judgement, information, point of view or anything else. A statement is said to be objective when it is based on facts, and it can be proved easily and is impossible to deny. Although in the absence of facts on a matter, then the statement becomes subjective, as the speaker presents his/her opinion, which is always biased. Subjective perspective is based on personal feelings, … [Read more...]
Difference Between Culture and Society
Society is nothing but an organised group of people who live together and are connected with one another. It is not exactly same as culture, which can be understood as the way of living of people living in a particular place or region. Every society has its culture, but they are not the same thing. Although, they cannot exist without each other. Culture has certain values, custom, beliefs and social behaviour, whereas society encompasses people who share mutual beliefs, values and way of … [Read more...]
Difference Between FERA and FEMA
Foreign Exchange Management Act, 1999 (FEMA) emerged as a replacement or say an improvement over the old Foreign Exchange Regulation Act, 1973 (FERA). Foreign investors, frequently hear the terms FERA and FEMA, when they deal with India. As their name specifies, FERA lays emphasis on the regulation of currencies, whereas the FEMA manages foreign exchange, i.e. forex. The first and foremost difference between FERA and FEMA is that the former requires previous approval of Reserve Bank of India … [Read more...]
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