Economic Growth refers to the rise in the value of everything produced in the economy. It implies the yearly increase in the country's GDP or GNP, in percentage terms. It alludes to considerable rise in per-capita national product, over a period, i.e. the growth rate of increase in total output, must be greater than the population growth rate. Economic Growth is often contrasted with Economic Development, which is defined as the increase in the economic wealth of a country or a particular … [Read more...]
Difference Between GDP and GNP
National Income implies the ultimate outcome of various economic activities of a country, conducted during given period, valued in monetary terms. It is the supreme macroeconomic variable that helps to gauge the economic soundness of the nation. Of different measures employed in the analysis of national income GDP and GNP are greatly used. GDP or otherwise called as gross domestic product delineates the sum total of the market value of all goods and services, produced within the geographical … [Read more...]
Difference Between Lease and Rent
The lease is an agreement between two parties in which one party allows the other party to use and control the asset for a defined period, without actually buying it. It is not exactly same as renting, but a form of it. Renting implies a short-term agreement between the tenant and landlord, whereby the tenant pays rent for the use of asset like land, building, car etc. owned by the landlord. While in a rent agreement, the landlord can alter the terms of the contract, in a lease agreement, the … [Read more...]
Difference Between CA and CPA
There are some career options opened for the students, who want to explore in the field of accounting, finance, business, taxation, etc. that offers them better employment opportunities and good pay. Out of various courses, CA, i.e. Chartered Accountant, is a title recognized worldwide, as a professional designation conferred to qualified accountant and is equal to United State's CPA (Certified Public Accountant). The primary difference between CA and CPA is that the former designation is … [Read more...]
Difference Between Occupation and Profession
Occupation is an activity undertaken by the person to earn his livelihood. It can be business, profession or employment that a person undertakes to make money. Many think that occupation and profession are synonyms, but the fact is they are different. Profession is an activity that requires specialised training, knowledge, qualification and skills. It implies membership of a professional body, and certificate of practice. The individuals who undertake a profession of rendering personalised … [Read more...]
Difference Between Job and Career
While the job is an activity that an individual do to fuel his livelihood, a career is something related to pursuing your passion. There is always a buzz, whenever we talk about job and career because many people see their job as their career. With the passage of time, the difference between the two terms is getting blurred. In simple terms, job is a position of regular employment, that is paid. Conversely, career implies progress of an individual in a particular profession or in a … [Read more...]
Difference Between CV and Cover Letter
Cover Letter is a document that highlights the job seeker’s credentials, and describes the content of another document, i.e. resume or curriculum vitae, with which it is sent. On the other hand, Curriculum Vitae or CV is a summary of the applicant's educational and employment credential. It is a snapshot of the career history of the candidate, which is indeed the primary phase, in getting the attention of potential employer. The two documents are of great importance, for every candidate who … [Read more...]
Difference Between Transfer and Transmission of Shares
One of the most important features of the securities is that they are transferable, which facilitates the company in acquiring permanent capital and liquid investments to the shareholders. Transfer of shares is a voluntary act of a member that takes place by way of contract. It is not exactly same as transmission of shares, as the two differ in their meaning and concept as well. The transmission of shares occurs due to the operation of law i.e. in case if the member passes away or becomes … [Read more...]
Difference Between Goods and Services
In economics, goods and services are often pronounced in the same breath. These are offered by the companies to the customers to provide utility and satisfy their wants. At present, the success of the business lies in the combination of best quality of goods and customer oriented services. 'Goods' are the physical objects while 'Services' is an activity of performing work for others. Goods implies the tangible commodity or product, which can be delivered to the customer. It involves the … [Read more...]
Difference Between On-the-job and Off-the-job training
Nowadays, training has become the core needs of the organization to develop specific skills in their existing and prospective employees. There are two methods for imparting training in workers are on-the-job training and off-the-job training. As their name suggests, the former refers to the training imparted at the actual job location involving 'hands-on' training, whereas the latter method involves giving training to the employees at a place other than the real job location. While on-the-job … [Read more...]
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