Key Differences

Know the Differences & Comparisons

Difference Between President and CEO

 The basic difference between President and CEO is that President looks after the internal business operations, the CEO focuses on making a link between internal and external organization. In the corporate world, it is not the products, strategies or advertising, who leads the company in the path of success, rather it is the manpower which makes efforts continuously and strives for organization's progress. Chief Executive Officer (CEO) and President are two such key persons who hold the top … [Read more...]

Difference Between Capitalism and Communism

In our today's topic, we will discuss the economic ideologies that emerged in the last centuries, i.e. capitalism and communism. Adam Smith, the renowned Scottish Economist, wrote a book, The Wealth of Nations in which he sparked the idea of Capitalism. On the other hand, Karl Marx, a famous Philosopher, and Sociologist, from Germany, initiated the idea of Communism, in his book The Communist Manifesto, as a response to Capitalism. These two political theories are in opposition to each other … [Read more...]

Difference Between Nationality and Citizenship

Nationality and citizenship are one of the most misconstrued terms, in the world. For a layman, the term nationality works as a substitute for citizenship and vice versa. But in reality, the difference between nationality and citizenship is quite evident, that we cannot ignore it. The nationality of a person, reveals his/her place of birth, i.e. from where he/she belongs. It defines the belongingness of a person to a particular nation. On the contrary, citizenship is granted to an individual … [Read more...]

Difference Between Job and Work

The term 'work' is the most commonly used word in our day to day life, which refers to the activities, i.e. physical or mental performed by us, so as to achieve the desired outcome. It includes everything that we do to get the intended result like studying, dancing, cooking, singing, playing, etc. On the contrary, the word 'job' is used by us to represent a particular position in the company, for instance, I have a job of sales manager (designation). It is a regular and constant activity … [Read more...]

Difference Between Introvert and Extrovert

Based on characteristics, there are two types of personality, i.e. introvert and extrovert. When a person is reserved and does not open up easily, he or she is said to be an introvert. On the contrary, when a person is social, talkative and makes friends quickly, then his personality type is extrovert. "We all are same, but different" is an old saying, which means we all have same human nature, body, mind, thoughts, feelings, yet every individual is unique in its own way. Therefore, it is … [Read more...]

Difference Between Jealousy and Envy

Someone has rightly said, "Jealousy and envy make you ugly." Jealousy is a fear of losing something, envy is a something, in which you want something possessed by someone else. These two are human emotions that are characterized by the sense of resentment and discontent. Jealousy is described as the feeling in which a person gets overprotective with respect to the rights, position and possession. On the contrary, envy arises when one feels discontented due to the desire evoked by someone … [Read more...]

Difference Between Arithmetic and Geometric Sequence

The sequence is described as a systematic collection of numbers or events called as terms, which are arranged in a definite order. Arithmetic and Geometric sequences are the two types of sequences that follow a pattern, describing how things follow each other. When there is a constant difference between consecutive terms, the sequence is said to be an arithmetic sequence, On the other hand, if the consecutive terms are in a constant ratio, the sequence is geometric. In an arithmetic sequence, … [Read more...]

Difference Between Needs and Wants

We all know that economics is a social science, which deals with production, distribution and consumption functions. It is all about making choices regarding the allocation of scarce resources, so as to make their best possible use and satisfy human wants and needs. In economics, we often go through the terms needs and wants, but have you wondered about their differences. Needs point out the something you must have for survival. On the other hand, wants refers to something which is good to … [Read more...]

Difference Between Assessment and Evaluation

Assessment is defined as a process of appraising something or someone, i.e. the act of gauging the quality, value or importance. As against, evaluation focuses on making a judgment about values, numbers or performance of someone or something. Assessment is made to identify the level of performance of an individual, whereas evaluation is performed to determine the degree to which goals are attained. The basic difference between assessment and evaluation lies in the orientation, i.e. while the … [Read more...]

Difference Between Progressive and Regressive Tax

The government formulates taxation policy with an aim of performing a variety of functions and fulfilling the financial needs of the country by using the money received in the form of tax on development projects. Tax is nothing but a mandatory contribution, levied by the government, without reference to any benefit to the taxpayer, in return for the tax paid by him. By nature, taxes are classified as a progressive tax, proportional tax, and regressive tax. Progressive tax refers to the tax which … [Read more...]