Globalization is that process which accelerates the flow and exchange of products and services, capital, technology, information, jobs etc. across the globe. It does not just encourage but also improves the interaction amidst different countries and audiences around the world. It has transformed the world economy into a more open and autonomous system. Globalization is commonly contrasted with internationalization, but the two differs in their meaning, in the sense that internationalization … [Read more...]
Difference Between Sale and Hire Purchase
Hire Purchase, as the name suggests, is the system of trade in which one party pays for the cost of the asset in a number of instalments while making use of that asset. In this system, the ownership of the asset is transferred by the hire vendor only on the full-fledged payment of the remaining balance. On the other hand, the sale represents the actual sale of goods, in which the ownership and possession both are transferred to the customer, instantly by the seller. Nowadays, people want … [Read more...]
Difference Between Complaint and Grievance
An organization is a group of people, coming from different walks of life, having different values, culture and perception. So, while pursuing the organizational objective, differences in opinion often take place, leading to inconvenience and conflict. If this continues for the long term, it results in "Complaints". Further, when these complaints are not attended and resolved properly and timely, it can cause dissatisfaction. The main reason behind dissatisfaction are expectations, which are … [Read more...]
Difference Between Franchise and Chain
The franchise is primarily used by the businesses when they want to expand their market share and the overall reach but at a low cost. It refers to a joint arrangement amidst two parties, i.e. franchisor - the company who grants franchise, and franchisee - the person who purchases the right of marketing and selling the franchisor's products and services. A franchise establishment is a form of chain business. Chain store refers to a retail enterprise with multiple branches at different … [Read more...]
Difference Between Free Trade and Fair Trade
Free Trade, as the name describes, is the unrestrained flow of products, services, labour and capital, across the country's geographical boundaries, without any government intervention in the name of economic or regulatory barriers. The term 'free trade' is often contrasted with 'fair trade'. In the simplest sense, the word 'fair trade' means the kind of buying and selling of goods and services in which fair, i.e. just and equitable, payment is made to the producers. It is an … [Read more...]
Difference Between Partner and Designated Partner
The word 'Partner' is a common term which is used to indicate any person who invests his/her capital to partnership business and agrees to share profits and losses, risks and rewards. On the other hand, designated partner, as the name suggests, is the one, whom the other partners appoint, to be responsible for complying with the terms of LLP Act. What is a General Partnership? General Partnership is a form of business organization in which two or more than two persons, unite to start a lawful … [Read more...]
Difference Between Play and Drama
Drama is a genre of literature, which is basically the script, and the actors play the role of different characters to tell the story to the viewers and facilitate interpretation. It is often designed and developed for theatrical portrayal. Drama is one of the active forms of literature, which tends to inform, educate and entertain the audience at the same time. Drama is often juxtaposed with a play. Play implies a piece of literature, which is written in single or multiple acts, consisting … [Read more...]
Difference Between Prose and Verse
Do you guys know that we use prose, in our normal day to day speech, writing and thinking? It is a style in which we naturally communicate and follows the grammatical structure. The prose is a common term used for unmetrical writing. On the other hand, a Verse is used for metrical writing, no matter if the writing is poetic or unpoetic. A verse uses a rhythmic structure, which is not used in ordinary speech. In this session, we will learn the differences between prose and verse. What is a … [Read more...]
Difference Between Research Proposal and Research Report
Research Proposal is the medium through which a researcher can introduce the research problem and convey the need for research. It plays a significant role in the application process. It gives a snapshot of the questions that the researcher wants to answer, with the help of the research. Moreover, it also states the methodology which the researcher is going to use during the research process. On the other hand, a research report is the culmination of the research endeavour. It is a great way … [Read more...]
Difference Between Prologue and Epilogue
Prologue and Epilogue are two diametrically opposite literary devices used in the literary composition and stand outside the narrative. The prologue is one of those pages which is included in the front matter of the book. It helps in giving a sneak peek of the story to the reader, which is contained in the book. They are popularly known for preparing the reader for the story. On the other end, an epilogue is a piece of writing found at the end of the literary work, which states about the … [Read more...]
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