The key difference between fair trade and free trade is that free trade does not restrict imports and exports, and remove all boundaries for all parties, whereas fair trade places restrictions on farmers and other manufacturers. Both free trade and fair trade are trading models designed to increase wealth globally. The main objective of free […]
Difference Between Short Term Planning and Long Term Planning
The key difference between short term planning and long term planning is that short term planning focuses on an immediate period, especially in reference to revenue and profitability, whereas long term planning focuses on achievements for projected future. In the current business context, business owners plan their businesses in terms of short term, medium term […]
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