Fire insurance is an insurance that covers the risk of fire. It covers goods or property of the insured person. On the contrary. Marine insurance is one that encompasses risks associated with the sea. The subject matter covered here, is the ship, cargo and freight. Insurance is a contractual agreement between the insurer, i.e. the insurance company and the insured, wherein the risk of loss is transferred to the insurer, when the loss occurs out of the causes indicated in the contract, on the … [Read more...]
Difference Between Unicameral and Bicameral Legislature
The legislature is an organ of the government which is empowered to make laws and oversee the administration of the government. There are two kinds of legislatures prevalent in the world, i.e. unicameral and bicameral. The unicameral legislature is the system of the government where a single central unit has got the wholesole right to make laws and decide upon government policies. On the contrary, a bicameral legislature is one where there are two chambers of Parliament, i.e. the Upper house … [Read more...]
Difference Between Direct Democracy and Indirect Democracy
Democracy is that form of government in which the supreme power lies in the hands of the people. In a democratic country, every citizen has one vote, that can be cast in favour or against the government policy. Further, in a democracy, the response of the citizens acts as the foundation of the government. It can be in the form of direct democracy or indirect democracy. Direct democracy refers to the system in which citizens has the right to take part in the decision making process. On the … [Read more...]
Difference Between Lokayukta and Lokpal
Lokpal is an ombudsman appointed to work on citizens complaints and grievances regarding corruption at the central level. On the other hand, at the state level, Lokayukta is set up to take action against the corruption complaints made by the residents of the state. Corruption, in simple terms, refers to the unauthorized use of public power, typically by a public servant or by an elected politician. It is a dishonest act, which is not permitted in the eyes of law. Many countries have … [Read more...]
Difference Between Overlapping and Cross-Cutting Social Differences
Social Differences implies a state when people are discriminated or say one class/group is given preference over the other, due to the difference in their social, economic or racial inequality. It often leads to social division, wherein the society is divided into various groups. Overlapping and cross-cutting are the two types of social differences, of which overlapping is a crucial situation as compared to cross-cutting, as it may result in the social division. The main difference between … [Read more...]
Difference Between Political Science and Politics
Political science is a discipline that deals with the composition and function of the country's government. The term political science is often contrasted with politics which is concerned with the activities of country's governance, with the aim of achieving and using power or authority. Another crucial difference between political science and politics is that Political Science is all about politics that take place in a country. Conversely, in politics there exist various political groups of … [Read more...]
Difference Between IAS and IPS
IAS and IPS are the two most challenging jobs in India, which not only gives power and position but has certain duties towards the nation and responsibility towards society. Indian Administrative Service (IAS) is regarded as the top-ranking civil service job offered to those candidates who top the Civil Service Examination. Next, best alternative after IAS is the Indian Police Service (IPS) which is also a dream job of many Indian citizens, but it is a technical job, which requires … [Read more...]
Difference Between Foreign Trade and Foreign Investment
With the effect of globalization, the form of the markets has been changed all around the world, as well as it has also changed the way in which business is carried out in the past years. One of the major revolutions, as a part of globalization, is the foreign trade that implies the buying and selling of goods and services, in different countries of the world. Next, there is one more drastic change as a result of globalization, i.e. foreign investment, wherein the individuals and companies … [Read more...]
Difference Between Spin-off and Split-off
Divestiture or commonly called as divestment is the process of selling off a part or division of the company to another company or creating a separate company. Divestiture can take the form of the spin-off, split-off, split-up, sell-off, equity carve-out, etc. Of these forms, the two commonly juxtaposed forms of divestiture are spin-off and split-off. Spin-off refers to the business division, which becomes an independent undertaking, after separation from the parent company. On the contrary, … [Read more...]
Difference Between Profession and Career
One of the most crucial decision in a person's life is to choose the right career for him/her. A career can be understood as the occupation, which an individual undertakes throughout his life, and includes all the steps taken for growth. The life pattern of a person is defined by the career he/she opts. The term 'career' is often misconstrued as 'profession', but there is a fine line of differences between the two. A profession is an occupation, usually paid, which requires a person to … [Read more...]
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