Rivers are described as the large natural water body, which flows towards the sea or another river. It is one of the major sources of water supply to the living beings. In India, the rivers are broadly classified as Himalayan Rivers and Peninsular Rivers. Himalayan rivers are the watercourses that arise from Himalayan ranges and are perennial in nature. On the contrary, Peninsular rivers are the ones that originate from the Western Ghats and are non-perennial. The catchment area of Himalayan … [Read more...]
Difference Between Manure and Fertilizer
Agriculture is one of the primary occupations of all the countries around the world. Indeed, we are mainly dependent on agriculture for our daily needs. To increase the agriculture produce, the farmers work on improving the fertility of soil, which is possible by adding manure and fertilizer. Manure refers to the natural substance that is obtained from the decomposition of the waste of plant and animals such as cow dung, etc. On the other hand, fertilizer is the chemical substances which can … [Read more...]
Difference Between Monitoring and Evaluation
Monitoring and Evaluation are the two management tools that help in keeping a control on the business activities as well as raising the level of performance. Monitoring refers to an organized process of overseeing and checking the activities undertaken in a project, to ascertain whether it is capable of achieving the planned results or not. Conversely, evaluation is a scientific process that gauges the success of the project or program in meeting the objectives. The primary difference between … [Read more...]
Difference Between Accounting Concept and Convention
Accounting is a business language, which is used to communicate financial information to the company's stakeholders, regarding the performance, profitability and position of the enterprise and help them in rational decision making. The financial statement is based on various concepts and conventions. Accounting concepts are the fundamental accounting assumptions that act as a foundation for recording business transactions and preparation of final accounts. On the other extreme, accounting … [Read more...]
Difference Between Interpretation and Construction
The statute is defined as the will or order of legislature, which is expressed in the form of text. The traditional way to interpret or construe a statute is to understand the intention of the legislature. The intention of the legislature could incorporate the actual meaning and the object. The process of interpretation and construction assist the judiciary body in determining the meaning and purpose of the legislature. Interpretation helps in determining the real meaning and intention of the … [Read more...]
Difference Between Mediation and Conciliation
The basic difference between mediation and conciliation is based on the role played by the third party who is selected by the parties seeking a settlement, in consensus. In mediation, the mediator acts as a facilitator who helps the parties in agreeing. Conversely, in conciliation, the conciliator is more like an interventionist who provides probable solutions to the parties concerned, to settle disputes. Alternate Dispute Resolution (ADR) is a dispute resolution method that employs … [Read more...]
Difference Between Intention and Motive
The intention is the basic element for making a person liable for the crime, which is commonly contrasted with motive. Though we often use the two terms interchangeably, these are different in the eyes of law. While intention means the purpose of doing something, motive determines the reason for committing an act. The primary difference between intention and motive is that intention specifically indicates the mental state of the accused, i.e. what's going on in his mind, at the time of the … [Read more...]
Difference Between Arbitration and Litigation
Litigation implies a method in which dispute between two parties is resolved by going court, for the judgement. However, due to the rigidity and high cost involved in the litigation process, there are instances when parties go to arbitration. Arbitration is a method of settling a dispute between parties wherein an independent person, selected by the parties mutually to decide the case. The basic difference between arbitration and litigation is that court is involved in the case of litigation, … [Read more...]
Difference Between Penetration Pricing and Skimming Pricing
Penetration pricing strategy is one in which the company charges a low price, in the beginning, to derive maximum sales volume from the price-sensitive customers. On the contrary, when at the initial stage high prices are charged to the customers, which is gradually decreased to attain maximum profit from less price sensitive customers. Price is among the important components of the marketing mix, which is the firm's outright source of earning, and it not only covers the cost of production … [Read more...]
Difference Between EFT and ACH
In the fast-paced world, with the change in information and communication technology, banks are also adopting e-banking culture that helps in providing better and flexible products and services to the customers. In this context, terms like ACH and EFT are commonly used. All the transactions that take place through the computer system or digital mode come under the ambit of Electronic Fund Transfer or EFT. On the other hand, ACH implies Automated Clearing House, is a huge network of banks and … [Read more...]
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