Elastic vs Inelastic Elastic and inelastic are both economic concepts used to describe changes in the buyer’s and supplier’s behavior in relation to changes in price. Similar in meaning to the expansion of a rubber band, elastic refers to changes in demand/supply that can occur with the slightest price change and inelastic is when […]
Archives for June 2012
Difference Between Hedge Funds and Private Equity
Hedge Funds vs Private Equity Hedge funds and private equity are both forms of investment vehicles that pool funds from a number of wealthy investors with the aim of making large profits. The two, however, are quite different to each other mainly in terms of the types of investment vehicles towards which they contribute […]
Difference Between Summary and Synopsis
Summary vs Synopsis Writing a summary is a skill that is taught early to students. It is to write a short, condensed version of a story or play retaining the viewpoint of the original author. There are other words also for performing the same task such as synopsis, gist, and abstract that are enough […]
Difference Between Summary and Analysis
Summary vs Analysis Writing a summary or an analysis of a piece of literature seems like an easy task but, for some students, it can be very confusing because of the overlapping nature of the two assignments. Writing a summary is a skill that is taught in middle classes while making an analysis is […]
Difference Between Certificate and Degree
Certificate vs Degree Certificate, diploma, and degree are tools that people make use of to further their academic and professional careers. There are some professions in which a degree from a college will not take you far or where degrees hold no significance. Instead, completion of a certificate program makes a person better and […]
Difference Between Cover Letter and Resume
Cover Letter vs Resume Applying for a job or seeking a job in a company requires one to introduce himself to the authorities that matter as also to let them know about the desire to serve in one or the other capacity. While we all are aware of the importance of a good resume […]
Difference Between Biodata and Resume
Biodata vs Resume Whether you are looking for a job, a life partner, or making a profile on a social networking site on the internet, you need to share some personal and professional details, educational and work experiences etc to let others have an opinion about you. It is like a tool that lets […]
Difference Between Positive and Negative Reinforcement
Positive vs Negative Reinforcement Reinforcement means to increase the force, to strengthen. When we hear of reinforcement in a war, we know that either more troops or supplies like weapons are being increased. In psychology, reinforcement is a word used to imply any stimulus that increases the likelihood of a specific behavior. However, there […]
Difference Between Oral and Written Communication
Oral vs Written Communication Communication is the process of transfer of information from one person to another. Whether in a work situation where we are following written instructions or instructions received verbally from our superior or in daily life where we continuously chatter with everyone who comes in contact with us, communication plays a […]
Difference Between Forging and Casting
Forging vs Casting Forging and casting are manufacturing processes which involves metal. It is hard to make equipments or materials with metal, since they are very hard and difficult to work with them. However, the two methods, casting and forging, are easy and very old methods, which are in use for shaping metals and […]