Charles Goodyear invented vulcanized rubber in 1844, from then on it is used for making tyres. In 1888, John Dunlop invented the air-filled or pneumatic tyres, for bicycles. In 1911, Philip Strauss invented the first successful Tube tyre, which was a combination of tyre and air filled inner tube. Tubeless tyre technology does away with the […]
Difference between Revenue Deficit and Fiscal Deficit
REVENUE DEFICIT Revenue Deficit is a situation where the revenue does not match with the expenses to be incurred. A dissimilarity in the expected revenue and expenditure can result in revenue deficit. The shortage of total revenue receipts compared to total revenue expenditure is defined as Revenue deficit. FISCAL DEFICIT The difference between total revenue and total […]
Ballpoint pen vs Fountain pen (ink pen)
Different things for different purposes. Fountain pens are sometimes viewed as a fashion statement or a statement of prestige and They can be used for special occasions, such as the signing of an important contract, etc. On the other side Ballpoint pens are considered mainstream, everyday pens and widely used by the people to meet their […]
Top 10 Differences between SEDAN and SUV
Cars are known for the comfort they provide to the travelers regarding seating, air condition, protection from environmental conditions like rain, heat, dust, etc. Cars are divided into various models based on the body characteristics like the height of the car, model of the car, the capacity of the engine, etc. Out of all the […]
Profit Maximization vs Wealth Maximization
PROFIT MAXIMIZATION Profit Maximization is the traditional approach, in this process Companies undergo to Determine the best Output and price levels in order to maximize its return. The company will usually adjust influential factors such as production costs, sale price, and output levels as a way of reaching its profit goal. The overall objective of […]
Difference between Micro Economics and Macro Economics
Economics is the study of how economies work. It is a study of demand, production, supply, and consumption of goods and services. Economics is studied by dividing into two types, they are Micro Economics and Macro Economics. These two terms can be called as opposite to each other. This article presents you with difference between Micro […]
