• Business
  • Finance
  • Banking
  • Education
  • General
  • Law
  • Science
  • IT
  • English

Key Differences

Know the Differences & Comparisons

Difference Between Strike and Lock-Out

Last updated on April 24, 2021 by Surbhi S

When the management refuses to accept the demands of the employees or workers, due to which they mutually decide to stop working, and proceed to strike. Workers used this as a last option when they don't find any other way to convince the management, to agree to their demands. Talking about the other way round, when the employers are looking for domination over the workers and impose their terms and conditions on them, they keep them out of the business premises and stop them from performing … [Read more...]

Difference Between Political Party and Interest Group

Last updated on April 19, 2021 by Surbhi S

Demonstrations, strikes, agitation, protests, etc. by various groups like employees, doctors, students, lawyers and farmers, are very common activities these days. Sometimes these activities are undertaken by formally organized groups such as Trade Union, Doctor's Association, Teacher's Association, etc. to exercise pressure on the government for framing policies, withdrawing bills or implementing laws in a manner that suits their interest. Such groups are called interest groups. An interest … [Read more...]

Difference Between Detention and Arrest

Last updated on April 13, 2021 by Surbhi S

We hear the term 'arrest' every now and then, due to the increasing crime in society. The primary difference between detention and arrest lies in the fact that whether the accused/suspected is charged with a crime or not. This is because when the person is just detained, he/she is held in police custody, based on reasonable suspicion, so as to question him/her. However, when the person is arrested, he/she is charged with a crime and needs to be presented before the court in 24 hours. In … [Read more...]

Difference Between Standard of Living and Quality of Life

Last updated on April 10, 2021 by Surbhi S

In simple words, the standard of living implies the level of welfare provided to the residents of a country, i.e. it may refer to all those goods and services that people are able to consume and the resources they can access. On the contrary, quality of life indicates the welfare and well being of a person or group. Standard of Living is a quantifiable term, in the sense that it takes into account only material factors. As against, quality of life is a subjective assessment of how satisfied … [Read more...]

Difference Between Factor Income and Transfer Income

Last updated on April 10, 2021 by Surbhi S

Factor Income refers to the income of means of production such as rent, wages, interest and profit, which accrues to land, labour, capital and entrepreneur, respectively. On the other hand, Transfer Income are the incomes which are not received by the person in the form of rewards for the services rendered, i.e. there is the transfer of money without the exchange of goods or services, National Income is the summation of all factor incomes earned by the country's residents during the period of … [Read more...]

Difference Between Collusive Oligopoly and Non-Collusive Oligopoly

Last updated on March 25, 2021 by Surbhi S

The literal meaning of the word 'oligopoly' is 'competition among few'. Collusive Oligopoly is when the oligopolists come in formal or informal agreement with one another to avoid competition among themselves. On the other hand, in a non-collusive oligopoly, the firms tend to compete with each other, by setting their own price and output policy, which is independent of the other firms. What is Oligopoly? Oligopoly is a type of market characterised by a few firms offering either homogeneous … [Read more...]

Difference Between Individual Demand and Market Demand

Last updated on March 19, 2021 by Surbhi S

Based on the number of consumers, demand is classified as individual demand and market demand. Individual demand implies, the quantity of good or service demanded by an individual household, at a given price and at a given period of time. For example, the quantity of detergent purchased by an individual household, in a month, is termed as individual demand. Unlike Market Demand implies the sum total of all individual demand for the commodity at each possible price, over a period of time. For … [Read more...]

Difference Between Learning and Education

Last updated on March 13, 2021 by Surbhi S

Learning is automatic, i.e. we see things, we observe them and then learn something new through our experiences in our day to day life. So, it is a continuous process and also a life long one. Learning can be intentional or unintentional, conscious or unconscious, for better or for worse. On the other hand, the word 'education' is interpreted differently by different human beings. While for some it is a synonym for formal schooling, others take it as lifelong learning. There are also people … [Read more...]

Difference Between Substitute Goods and Complementary Goods

Last updated on March 13, 2021 by Surbhi S

We all know that demand for a product is mainly affected by its price, but there are some other factors which can also affect its demand. One such factor is 'Price of Related goods', wherein the term 'related goods' means complements and substitutes. In simple words, Complementary Goods are the goods that complete each other. This means that such goods are used in conjunction with one other, which enhances their value. In other words, these goods have no value when they are consumed alone. On … [Read more...]

Difference Between Budget Line and Budget Set

Last updated on February 22, 2021 by Surbhi S

The consumer has a limited income, that acts as a constraint to his/her maximizing behaviour, i.e. the budget constrains how much the consumers can consume. While budget line graphically represents the bundle of two goods which a consumer can buy with the given budget. As against, all the combinations in the positive quadrant, which lie on or below the budget line are called a budget set. You might have come across the term 'budget' at least once in your life. To know what quantities of two … [Read more...]

  • « Previous Page
  • 1
  • …
  • 7
  • 8
  • 9
  • 10
  • 11
  • …
  • 104
  • Next Page »

Top 5 Differences

  • Difference Between PERT and CPM
  • Difference Between Micro and Macro Economics
  • Difference Between Developed Countries and Developing Countries
  • Difference Between Management and Administration
  • Difference Between Qualitative and Quantitative Research



New Additions

  • Difference Between Speak and Talk
  • Difference Between Economy Class and Business Class
  • Difference Between If and Whether
  • Difference Between Hotel and Motel
  • Difference Between FIR and Chargesheet
  • Difference Between Norms and Values
  • Difference Between Society and Community
  • Difference Between Sourcing and Procurement
  • Difference Between National Income and Per Capita Income
  • Difference Between Departmental Store and Multiple Shops
fb-follow youtube follow

Copyright © 2023 · Key Differences · Contact Us · About Us · Privacy