Key Differences

Know the Differences & Comparisons

Difference Between Culture and Civilization

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Have you ever wondered why the one who is poor and in a shabby attire is regarded as uncivilized, even though he may be the most cultured person and the one in a sophisticated outfit, is called civilized, but, may not be having the sense of culture? Culture is everything about the human society, i.e. it refers to the knowledge and features of a specific group of people living in a region. On the other extreme, civilization is the breakthrough of the human society meaning that it is the … [Read more...]

Difference Between LLC and Inc.

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While making a choice between business types, most business owners get confused between LLC or Inc. The former combines two forms of business, i.e. partnership and corporation. On the other hand, the latter means Incorporated, i.e. which represents the form of corporation, such as S corp or C corp. The basic question that arises before the entrepreneurs when starting a new business venture is, which business type to choose? The business structure is not just a status, rather all the legal … [Read more...]

Difference Between Coordination and Cooperation

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Coordination refers to the organisation of all the activities in an orderly manner, to achieve unanimity of individual efforts in the pursuit of group goals. On the flip side, cooperation is a discretionary action of individuals to work together or help one another, for a mutual benefit. It is a joint effort of the members working in the organization for accomplishing a defined target. The 3C's vital for teamwork are coordination, cooperation and collaboration. It is quite common to … [Read more...]

Difference Between Mediation and Arbitration

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The difference between mediation and arbitration lies in the nature of the judgement taken by the experts. While the decision taken by the arbitrator is binding on the parties, the mediator does not make the judgement but helps the parties in arriving at an agreement. The occurrence of the dispute is very common in every field not only in business, especially when the issue is related to an opinion, unanimous agreement of the parties is rare. There are various alternatives of dispute … [Read more...]

Difference Between S Corp and C Corp

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There are slight and subtle differences between S Corp and C Corp, which lies in the way, these two entities are taxed, i.e., while the S Corporation is taxed at individual level C Corporation, is taxed at corporate and individual level. The term corporation is used to refer a separate legal entity, created under the law, having limited liability, perpetual succession and the ability to raise funds from the market by selling its stock. There are two types of Corporation, registered under IRS … [Read more...]

Difference Between Grant and Scholarship

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There is a common misconception of the students that grant and scholarship are same, as both the schemes offer money to the students without having to repay them. However, there is a thin line of difference between these two terms, which remain unnoticed by many. While grants are awarded to all the persons who are in need of it, but scholarship is awarded to students only. Whether it's a student or a businessman or any other entity, finance is the basic requirement, which buys all the stuff, … [Read more...]

Difference Between Industry and Sector

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Many think that the term industry and sector resemble each other, as both are used to indicate enterprises that either operates in a particular segment or their business type are identical. However, the two terms actually indicate two different divisions of the economy. While the industry is an umbrella term, that covers all the firms which are engaged in similar business activities. On the other hand, sector refers to the broad classification of the economy, into various segments. In an … [Read more...]

Difference Between Ordinary Annuity and Annuity Due

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An annuity is described as a stream of fixed cash flows, i.e. payments or receipts, that occurs periodically, over time. For example, payment of housing loan, life insurance premium, rent, etc. There can be two types of annuities, i.e. ordinary annuity and annuity due. Ordinary annuity means an annuity which is related to the period preceding its date, whereas annuity due is the annuity related to the period following its date. Most of the people use an annuity as a retirement tool (pension) … [Read more...]

Difference Between Bull and Bear Market

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Bulls thrust up their horns while attacking the opponent, in the same way, when the market rises belligerently, it is said to be a bulls market. On the other hand, bears swipes down, their paws for attacking the opponent, likewise, when the market falls, it is known as bears market. In the stock market, the terms bulls and bears are commonly encountered which indicates, how the stock market is doing, at a particular time. For the novice investors, these terms are a bit confusing, but one can … [Read more...]

Difference Between Liquidity and Solvency

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While liquidity is how effectively the firm is able to cover its current liabilities, through current assets. Solvency determines how well the company maintains its operation in the long run. At the time of making an investment, in any company, one of the major concerns of all the investors is to know its liquidity and solvency. These are the two parameter which decides whether the investment will be beneficial or not. This is because these are related measures and helps the investors to … [Read more...]