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Legal vs Equitable Interest   Both legal interest and equitable interest are forms of ownership held over assets. However, there are a number of important differences between the two. It is important to fully understand the differences between legal interest and equitable interest to avoid personal disappointment... 
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Bill of Exchange vs Letter of Credit   There are a number of payment mechanisms that are used when conducting international business. Letters of credit and bills of exchange are two such mechanisms commonly used in international trade that facilitate lines of credit for the buyer. The major similarity between... 
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Reward vs Incentive   Rewards and incentives are human resource management techniques used by employers to manage their workforce effectively. Rewards and incentives are used within the workplace for motivation, to improve morale, increase productivity, and encourage workers to contribute their best quality of... 
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Robber Barons vs Captains of Industry   The industrial revolution between the 1970s and 1980s brought forward a number of views of industrialism driven by leaders, businessman and entrepreneurs at the time known as industrialists. These many industrialists and financiers fall into one of either category; robber... 
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ROCE vs ROE   Capital is required to start up and run business operations. Capital for such business operations may be obtained using many methods such as issuing shares, bonds, loans, owner’s contributions, etc. It is important to consider the return that a company derives from such forms of capital that... 
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Human Development vs Economic Development   Economic development and human development are concepts that are related to one another in that they both measure a country’s overall development in terms of economic wealth and human welfare. While human development is very much focused on the wellbeing of people,... 
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Fixed Cost vs Sunk Cost   Sunk costs and fixed costs are two types of costs that a business incurs in the various business activities carried out. While sunk costs and fixed costs both result in an outflow of cash, sunk costs and fixed costs are quite different in terms of the manner in which they are incurred... 
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Pledge vs Hypothecation   Companies and individuals borrow funds for a number of reasons including, home loans, vehicle loans, education loans, loans for investment, expansion, business development and operational requirements. In order for banks and financial institutions to grant funds to borrowers, there... 
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Hard Money vs Soft Money   Hard money and soft money are two terms that are used to refer to political donations. It is important to clearly understand what is meant by each before any political contributions are made. There are a number of differences between the two, especially when it comes to the rules that... 
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Role Conflict vs Role Strain   Every person has a number of roles to play in their personal and professional lives. A person may have to play a number of roles simultaneously, face conflict among roles, or may have to make conflicting decisions within the same role. Role conflict and role strain refer to... 
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Revocable vs Irrevocable Trust   A trust is referred to as an agreement that legally stipulates how people’s assets and wealth are to be managed. A trust that is set up to manage such assets is also valid after a person’s death. It is important to understand the different types of trusts before moving one’s... 
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Rollover vs Transfer   An IRA or Individual Retirement Account allows an individual to contribute funds towards their retirement and is held by a financial institution, which is known as the custodian. Rollover and transfer are two ways in which the movement of funds to or from an IRA can be done. Despite the fact... 
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Poor vs Poverty vs Scarcity   Poor, Poverty and Scarcity are all terms that refer to a situation in which a person’s necessities are left unfulfilled. Despite the similarities in their concepts there are a number of major factors that differentiate what defines being poor, being in poverty, and facing scarcity... 
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Audit vs Research   Audit and Research are quite similar to one another in terms of procedures that are used to collect data, analysis of data, approach to methodologies used, and data interpretation. However, there are a number of factors that differentiate what is known as audit and what is known as research.... 
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Labour Intensive vs Capital Intensive   Capital intensive and labor intensive refer to types of production methods used in the production of goods and services. Whether an industry or firm is capital or labor intensive depends on the ratio of capital vs. labor required in the production of goods and services.... 
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Deflation vs Recession   Deflation and recession are both terms that are used to describe scenarios in which an economy experiences lower demand, low productivity, low output, low investment, higher unemployment and lower household income. A country’s central bank reduces interest rates as a measure to counteract... 
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