Non Profit vs Not For Profit Apart from traditional businesses set up with the aim of making profits, there are other types of organizations that are set up with other objectives in mind. There are terms used to describe such organizations as ‘nonprofit’ and ‘not-for-profit’. Both these types of organizations are quite similar to […]
Difference Between Wealth Maximization and Profit Maximization
Wealth Maximization vs Profit Maximization The aim of any business is to maximize profitability and minimize losses. In order to meet financial goals, organizations require a financial management plan. There are two forms of financial management; the traditional profit maximization approach and the more modern wealth maximization approach. The financial management goal chosen will […]
Difference Between Suppressor and Silencer
Suppressor vs Silencer A shot from any firearm is accompanied with a loud bang, sometime it is the signature of a gun. No matter how large or small the gun is, this noise is inevitable. The reason is behind the mechanism of how the guns are fired. All the guns, old (muskets, carbines etc.) […]
Difference Between Latch and Flip-Flop
Latch vs Flip-Flop Latch and flip flops are basic building blocks of sequential logic circuits, hence the memory. A sequential logic circuit is a type of digital circuit which responds not only to the present inputs, but to the present state (or past) of the circuit. In order to achieve this functionality, the circuit […]
Difference Between Impulse Turbine and Reaction Turbine
Impulse Turbine vs Reaction Turbine Turbines are a class of turbo machinery used to convert the energy in a flowing fluid into mechanical energy by the use of rotor mechanisms. Turbines, in general, convert either thermal or kinetic energy of the fluid into work. Gas turbines and steam turbines are thermal turbo machinery, where […]
Difference Between Eccentricity and Concentricity
Eccentricity vs Concentricity Eccentricity and concentricity are two mathematical concepts related to the geometry of conic section. The two parameters are related to each other and describe the conic section shape. The concepts are adopted in many science and engineering fields. More about Eccentricity (e) Eccentricity is a measure of the deviation of a […]
Difference Between Accelerometer and Gyroscope
Accelerometer vs Gyroscope The Accelerometer and gyroscope are two motion sensing devices commonly used in modern technological equipment. Their operation is based on the concept of inertia, which is the reluctance by masses to change its state of motion, hence called inertial measurement units in engineering applications. Accelerometer, as the name implies, is used […]
Difference Between Anterior Pituitary and Posterior Pituitary
Anterior Pituitary vs Posterior Pituitary Pituitary gland weighs approximately 500mg to 900mg and lies immediately beneath the third ventricle and just above the sphenoidal sinus in the sella turcica (Turkish saddle). Pituitary glands and the hypothalamus together act as master regulators of the endocrine system. The hormones secreted by these organs collectively control important […]
Difference Between Fiscal Deficit and Revenue Deficit
Fiscal Deficit vs Revenue Deficit In today’s highly uncertain business environment, it is essential for organizations to plan and monitor business operations. A budget is an important part of financial planning as it lays out the company’s future income and projected expenses. Preparing a budget will provide an organization the tools it needs to […]
Difference Between Liberalisation and Globalisation
Liberalisation vs Globalisation Globalization and liberalization are concepts closely related to one another, and both globalization and liberalization refer to relaxing social and economic policies which results in better integration with an economy and between nations. Globalization and liberalization both occur as a result of modernization and as economies develop and grow, more integration, […]