Economic Development refers to the process by which the economic health and quality of life of the country improves. It contains a number of structural changes. On the other hand, sustainable development is a process of development wherein economic, social and environmental policies are designed to result in a development which is sustainable, i.e. which maintains ecological balance. In short, it ensures a better quality of life for all people whether they belong to the present or future … [Read more...]
Difference Between Autonomous and Accommodating Items
Autonomous Items are the reason for the imbalances in the Balance of Payment Account. On the other hand, Accommodating Items are intended to restore the balance in the Balance of Payment Account. While autonomous items are foreign exchange transactions which arise due to profit motives. Accommodating items are nothing but short-term capital transactions which emerge to overcome the disequilibrium in the Balance of Payment causing due to autonomous items. Do you know that the balance of a … [Read more...]
Difference Between Personal and Personnel
The word personal and personnel are such a pair of words which easily confuses people, due to which they use it incorrectly, but they have very different meanings. While personal is used when we are talking about something which is private or owned by someone. On the other hand, personnel means the people who are under the employment of an organization or business. Let's take a look at these examples to understand the difference clearly: The personal information of all the personnel … [Read more...]
Difference Between Ex-showroom Price and On-road Price
Typically in the vehicle advertisements that you have seen on Television or in Newspapers, the price they show is the Ex-showroom price. But when you actually visit the showroom and ask for the actual price of that vehicle they tell you the On-road price. This strategy is used by companies to get more and more responses from the target audience. Having a car or a bike of our own is important for day-to-day transportation. If you are one of those who are looking for buying a vehicle for … [Read more...]
Difference Between Speak and Talk
There is a very slight but significant difference between the verbs 'speak' and 'talk'. As both are used when there is a verbal communication taking place between two or more people, it is common to get confused between these two. However, talk is a straightforward word, which we use in casual conversation. As against, speak is more of a formal word, which is mainly used in critical or hypothetical situations. Let's have a look at the examples below to understand them: While we were … [Read more...]
Difference Between Economy Class and Business Class
The main difference between economy and business classes lies in the prices and facilities offered. The fare of a business class is two to five times higher than an economy class. The business class allows you to carry additional luggage. Plus, you get free food and drinks, lounge services, and wider seats. On the other hand, the economic class lack such privileges. In an airline, these areas are separated by a door or panel. Passengers cannot enter the other area except when they are … [Read more...]
Difference Between If and Whether
The words if and whether are conjunctions which can be used interchangeably while reporting yes/no questions. If is primarily used when we put a particular condition in a sentence. On the other hand, whether is applied when we talk about two alternatives or situations that may happen. Let's take a look at the examples below to understand the difference: Jane will reach the station if Kate is coming by train. I don't know whether Kate is coming by train or by car. In these two … [Read more...]
Difference Between Hotel and Motel
In simple terms, a hotel is an accommodation for travellers who want to have lodging through payment to the proprietor. It is initially designed for travellers to rest and sleep. Hotels may provide a range of facilities, from a bed to an almirah for storage to a spa. Both hotels and motels are a part of the hospitality sector that provides accommodation. The hotel offers numerous amenities to its guests apart from providing accommodation facilities. However, a motel offers a layover facility … [Read more...]
Difference Between FIR and Chargesheet
FIR, or First Information Report, is the written document that police prepare upon receiving information regarding the occurrence of a cognizable offence. It is an important document both from the point of view of prosecution and defence. It acts as the foundation of the case, as the entire case depends on it. The police initiate the crime investigation only after the registration of the FIR. On the other hand, the chargesheet is a final formal document of accusation that the police prepares. … [Read more...]
Difference Between Norms and Values
Norms prescribe, while values act as a criterion for evaluations. Norms and values constitute the foundational stone of society's social structure. This is because they guide the social behaviour of people. Here, it is worth noting that the value at one level can turn out to be the norm at another level. Norms and values are strongly related to each other. These are all about accepted assumptions regarding what is right and wrong, desirable or undesirable. Norms are the standards or rules … [Read more...]
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