Difference Between Reward and Incentive

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 work. Rewards and incentives are beneficial to both employers and employees […]

Difference Between Robber Barons and Captains of Industry

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 barons or captains of industry. Robber barons were […]

Difference Between Human Development and Economic Development

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, economic development covers a wide spectrum of […]

Difference Between Pledge and Hypothecation

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 needs to be some form of assurance that the borrowed funds will […]

Difference Between Revocable and Irrevocable Trust

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 […]

Difference Between Rollover and Transfer

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 […]