The main difference between HRM and HRD is that HRM (Human Resource Management) relates to all aspects of the human resources function and HRD (Human Resource Development) only relates to the development part. HRM refers to how the principles of management can be applied to effectively manage the employees working in an organization and HRD […]

Revenue vs. Profit vs. Income

The main difference between Revenue, Profit and Income is that Revenue only deems the amount of income a business originates through the sale of its goods or services whereas profit is the figure of income that remains after all expenses, costs and taxes accounted for, and income refers to net profit, i.e., what remains after. […]

Intensive Farming vs. Extensive Farming

The main difference between Intensive Farming and Extensive Farming is that Intensive Farming refers to an agricultural system, wherein there is high-level use of labor and capital, in comparison to the land area and Extensive Farming is an agrarian technique, in which large farms are being cultivated, with relatively lower inputs. Intensive Farming is a […]

Accounting Concept vs. Accounting Convention

The main difference between Accounting Concept and Accounting Convention is that Accounting concepts are the essential accounting assumptions that act as a ground for recording business transactions and preparation of final accounts and Accounting conventions are the techniques and procedures which have universal acceptance, these are followed by the firm while recording transactions and preparation […]

Demand vs. Supply

The main difference between Demand and Supply is that Demand refers to how much buyers and Supply (quantity of a product or service) represents how much the market can offer. The balance between the price and the quantity demanded of a product or the commodity at a certain period is called demand. To the contrary, […]

Prejudice vs. Discrimination

The main difference among prejudice and discrimination is that prejudice has to do with the inflexible and irrational attitudes and opinions held by members of one group about another, while discrimination refers to behaviors directed against another group. Prejudice has to do with the rigid and irrational attitudes and opinions held by members of one […]

Ethics vs. Values

The main difference between ethics and values is that ethics is a structure of moral principles. In contrast to values, which is the incentives of our thinking. Ethics refers to the instructions for conduct, that address question about morality. Value defined as the principles and ideals, which helps them in making the judgment of what […]

Introvert vs. Extrovert

The main difference between introvert and extrovert is that introverts are the persons that are quiet and private and extroverts are the persons that are talkative and outgoing. Introverts need some alone space to clear their mind whereas extroverts generate energy by spending time with people. Introverts revive from within because this is how they […]

Formal Letter vs. Informal Letter

The main difference between the formal letter and an informal letter is that formal letters written for official or professional conversation. On the other hand, informal letters used for casual or personal conversation. A formal letter is written for professional (official and business) conversation while the informal letter used for personal communication. A formal letter […]

Blue Collar vs. White Collar

The main difference between blue collar and white collar is that blue-collar worker, whose job requires manual labor and White-collar work performed in an office or other administrative settings. The term Blue Collar referred for the people of the working class, who perform manual labor for a firm and get paid salary on an hourly […]

Internal Stakeholders vs. External Stakeholders

The main difference between internal stakeholders and external stakeholders are Internal stakeholders refer to the individuals and parties, within the organization and external stakeholders represent outside parties, which affect or get affected by, the business activities. Internal stakeholders are people who are already devoted to serving your organization as board members, staff, volunteers, and donors. […]

Systematic Risk vs. Unsystematic Risk

The main difference between systematic risk and unsystematic risk is that systematic risk is the probability of a loss associated with the entire market or the segment whereas the unsystematic risk is associated with a specific industry, segment or security. Systematic risk is a consequence of external and uncontrollable variables, which are not business or […]

Shareholders vs. Stakeholders

The main difference between shareholder and stakeholder is that shareholder owns part of a public company through shares of stock, while a stakeholder has an interest in the performance of a company for reasons other than stock performance or appreciation. Shareholders are ever stakeholders in a corporation, but stakeholders are not always shareholders. A shareholder […]

Population vs. Sample

The main difference between population and sample is that a population includes all of the elements from a set of data and a sample consists of one or more observations drawn from the population. Population implies a large group consisting of elements having at least one common feature. The term sample, which is nothing but […]

Occupation vs. Profession

The main difference between occupation and profession is that occupation is an activity undertaken by the person to earn his livelihood. It can be business or employment that a person undertakes to make money whereas profession is an activity that needs specialized training, knowledge, qualification, and skills. Occupation is an activity tackle by the person […]

Trade vs. Commerce

The main difference between trade and commerce is that trade is the exchange of goods and services among two or more parties in consideration of money or money’s worth and commerce is the dealing of goods and services among the parties along with the activities such as insurance, shipment, warehousing, advertising, etc. that completes that […]

Invoice vs. Receipt

The main difference between invoice and receipt is that the invoice issued before the payment and the receipt issued after the payment. An invoice is a request for amount while a receipt as proof of amount. Customers who get an invoice will also get a receipt when they pay. Invoice is issued before the payment, […]

Nationality vs. Citizenship

The main difference between nationality and citizenship is that the nationality of a person illustrate his/her residence or country of birth while the citizenship of a person display that the individual is enrolled as a citizen by the government of the respective country. The nationality of a person, declare his/her place of birth, i.e., from […]

Solar Eclipse vs. Lunar Eclipse

Main Difference The main difference between a solar eclipse and lunar eclipse is that a solar eclipse happens when the Moon proceeds between the Earth and the Sun, obstruct all or a section of the Sun. An eclipse may be total, partial, or annular and a lunar eclipse happens when the Earth moves between the […]

Creativity vs. Innovation

The main difference between creativity and innovation is that creativity is thinking of something new and innovation is the implement of something new. Creativity is the feature of a person to generate new ideas, alternatives, solutions, and possibilities uniquely and differently. Innovation is an act of petition of new ideas to which creates some value […]

Art vs. Craft

The main difference between art and craft is that art is a form of work that is the expression of emotions and craft is a form of work, which results in a tangible output, for example, molding and carving. Art generally described as unstructured and open-ended. It has no restriction of expression, just like in […]

Normal Goods vs. Inferior Goods

The main difference between normal goods and inferior goods is that normal goods are goods whose demand rise when consumer’s income rise and inferior goods are goods whose demand decline when consumer’s income rise. Normal goods are goods whose demand increases with an increase in consumers’ income. Inferior goods are goods whose demand decreases when […]

Import vs. Export

The main difference between import and export is that import refers to the purchase of the goods and services from other countries to the homeland while the export refers to selling goods and services from the home country to other countries. Import is that formation of trade in which goods are acquired by a domestic […]

Customer vs. Consumer

The main difference between customer and consumer is that a customer purchases goods while a consumer uses or consumes goods. The customer, which refers to a person who buys the goods and pays the expense for it whereas the consumer is the one who expend the goods, i.e., the user of the goods. A customer […]

Authority vs. Responsibility

The main difference between authority and responsibility is that authority is the power or right to give orders, make decisions, and enforce obedience and responsibility is the capacity or fact of having a job to deal with something, or of having domination over someone. Authority is the right of a preferable to give orders and […]

Aim vs. Objective

The main difference between aim and objective is that aim is what you hope to attain, and the objective is the action you will take to attain the aim. Aims are concerned with motive whereas objectives are concerned with achievement. Aims are as broad common statements; Objectives are usually more specific statements. The aim is […]

Teaching vs. Training

The main difference between teaching and training is that teaching is a way to convey information that helps students to gain knowledge while training is the act of increasing the skills of a person for doing a particular job. The goal of teaching is to promote learning and goal of training is to ensure self-development. […]

Discount vs. Rebate

The difference between ‘Discount’ and ‘rebate’ is that when it comes to discount, it means a reduction of the price. Whereas when it comes to the rebate, it may be defined as refunding a part of the paid amount. So particularly the difference is between time and type of concession. Discount is the concession in […]

Director vs. Producer

The difference between a director and a producer is that a director plays an essential role in the creative vision of film whereas a producer deals with the finance, distribution, production and marketing of the film. A film comprises a large number of cast and crew teams which are lead by two significant authorities are […]