Key Differences

Difference Between Wholesale Price Index (WPI) and Consumer Price Index (CPI)

To measure inflation in an economy, usually, Wholesale Price Index (WPI) and Consumer Price Index (CPI) are used. Wholesale Price Index helps in measuring the average change in prices received on bulk sale of goods. On the other hand, Consumer Price Index is one that computes the changes in the general price level of a class of consumer goods. Indexation is the process of adjusting the monetary proceeds such as wages, interests, dividend, taxes, etc., with the help of price index, so as to … [Read more...]

Difference Between Trading and Investing

The stock market has two segments, i.e. primary market and secondary market. In the secondary market, buying and selling of originally issued securities take place. The participants of secondary market are classified as traders, investors and speculators.There is a thin line of demarcation between trading and investing which lies in the intention of the participant while spending money, i.e. an investor invest money with a certain view in mind regarding the return, or the output generated. On … [Read more...]

Difference Between Productivity and Efficiency

The success and failure of a business entity depend highly on how it performs in the market, which is based on three important factors, i.e. productivity, utilization and efficiency. One of the primary objective of all the organizations worldwide is to improve the productivity and efficiency. So, many misconstrue these two terms which are different in the sense that productivity is the ratio of outputs produced to inputs involved in the process of production. On the other hand, efficiency is … [Read more...]

Difference Between Salary and Stipend

An organization is composed of members, which includes the owners, employees, workers and trainees who work for compensation which can be in the form of profit, salary or stipend. There always remains a confusion regarding when we talk about the term salary and stipend. Salary is paid to the employees, in return for the work performed by them in the organization. On the other hand, the stipend is provided to the interns or apprentices, who work in the organization for the short term, with an … [Read more...]

Difference Between Manual and Computerized Accounting

In accounting, the financial transactions are recorded, processed and presented to generate financial statements, that is useful to the readers, in making decisions. Traditionally, accounting is done manually, by a trained accountant, with the use of registers, account books, vouchers etc. But with the emerging technology, nowadays, computerized accounting is in vogue, due to its accuracy, convenience and speed. Both manual and computerized system is based on the same principles, conventions … [Read more...]

Difference Between Conventional and Non-conventional Sources of Energy

Energy implies the capacity or ability to work vigorously. It has a significant role to play in our day to day life, in fact, it is predominantly required in every field, whether it is a household, industry, communication, transport, defence or agriculture. Energy resources are broadly classified as Conventional and Non-conventional sources of energy. Conventional sources of energy are not present in the environment in abundance, however there uses are unlimited. On the contrary, … [Read more...]

Difference Between Metallic and Non-metallic Minerals

Minerals are defined as the homogeneous substances that occur naturally under varying conditions, in different types of geological environment. It is broadly classified into two categories, i.e. metallic minerals and non-metallic minerals. Metallic Minerals is composed of metals in their original form, whereas no metals are found in non-metallic minerals. Minerals possess a definite chemical structure, and their identification is based on their physical properties. The place where minerals … [Read more...]

Difference Between Intensive and Extensive Farming

Farming is not a one-day affair; rather it requires several days of hard work and proper agricultural procedure to be followed to get the intended output. A range of farming practices has been emerged to increase the productivity, of the agricultural land. Two such farming practices are intensive farming and extensive farming. Intensive Farming is a farming method that uses higher inputs and advanced agricultural techniques to increase the overall yield. In contrast, Extensive Farming is one … [Read more...]

Difference Between Subsistence and Commercial Farming

Agriculture is the highly practised occupation all around the world, i.e. there are a lot of people in this world, who earn their livelihood by growing crops, vegetables, fruits, flowers and rearing of cattle. Based on the geographical conditions, level of technology, the demand for produce, and workers required, there is two major classification of farming, i.e. subsistence farming and commercial farming. In subsistence farming, the farmer is involved in the production of crops for local … [Read more...]

Difference Between Print Media and Electronic Media

Print media is that means of mass communication through which information is disseminated in printed form. As against this, electronic media is one in which electronic or electromechanical energy is employed to transmit information to the audience. In general sense, media is a plural form of word medium. In mass communication, media refers to the fundamental means of mass communication, which helps in the spread of messages related to latest news, education, sports, entertainment and … [Read more...]