Difference Archives | BDClass https://bdclass.com/category/difference/ The Largest Educational Blog in Bangladesh Wed, 15 Feb 2023 16:40:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://bdclass.com/wp-content/uploads/2021/05/cropped-bdclass-fevicon-32x32.png Difference Archives | BDClass https://bdclass.com/category/difference/ 32 32 Difference between Small Scale Industry and Cottage Industry https://bdclass.com/difference-between-small-scale-industry-and-cottage-industry/ https://bdclass.com/difference-between-small-scale-industry-and-cottage-industry/#comments Wed, 25 Jan 2023 09:40:50 +0000 https://www.bdclass.com/?p=6092 There is some basic deference between small scale industry and cottage industry. Let's know the key differences.

The post Difference between Small Scale Industry and Cottage Industry appeared first on BDClass.

]]>
Small and cottage industries are very important in Bangladesh. Moreover, they have future possibilities if we can provide them with financial support according to proper planning. By providing proper advice, guidance, and support to the producers, they can market the products themselves and export them abroad. This industry can earn a lot of foreign exchange.

Today I will tell you about some basic differences between small-scale industry and cottage industry. Which many of us don’t know.

Small-Scale Industries: Small-scale industries are established on a sole proprietorship, partnership, or cooperative basis with less capital and fewer employees. In these industrial establishments, the cost of land and other fixed assets like factories and buildings including replacement costs is not more than 1.50 crore rupees.

Cottage Industry: The industry which takes place in a small house or small shop is called the cottage industry. These products are produced manually by the labor of family members in a family environment without the help of any electricity or heavy machinery.

Difference Between Small and Cottage Industries

SubjectSmall IndustryCottage Industry
DefinitionIndustries in which the value or replacement cost of other fixed assets excluding land and factory buildings does not exceed 1.50 crore rupees are called small-scale industries.Cottage industries engaged in full or part-time production or service activities by family members are called cottage industries.
FeatureA small-scale industry is an industry that is established on a sole proprietorship, partnership, or cooperative basis with little capital and a small number of employees.A cottage industry is developed in a family environment by family members.
InvestmentThe amount of investment in small-scale industries is not more than 10 crore rupeesThe amount of investment in the cottage industry is not more than five lakh rupees.
EnvironmentSmall-scale industries are not family oriented.On the other hand, the cottage industry is a family-based industry and the entrepreneur himself is the artisan.
ProductionSmall-scale industries fall at the level of large production units.Cottage industries are called part-time production units.

To get more educational articles, and content visit www.bdclass.com regularly.

The post Difference between Small Scale Industry and Cottage Industry appeared first on BDClass.

]]>
https://bdclass.com/difference-between-small-scale-industry-and-cottage-industry/feed/ 1
Difference between Central Bank and Commercial Bank https://bdclass.com/central-bank-and-commercial-bank/ https://bdclass.com/central-bank-and-commercial-bank/#respond Tue, 23 Aug 2022 17:45:49 +0000 https://www.bdclass.com/?p=5211 Let's learn about central bank and commercial bank and key differences between a central bank and commercial bank.

The post Difference between Central Bank and Commercial Bank appeared first on BDClass.

]]>
We all know about banks. But do you know what is a commercial bank and what is a central bank? Usually, the banks that we see, where we open a bank account and transact, are called commercial banks.

On the other hand, there is an institution to regulate the money and banking system, print and control currency and regulate the overall economic structure of a country which is the central bank. Although it is a bank, it does not perform any banking activities like opening accounts, or depositing customer’s money.

Let’s first briefly know what are central banks and commercial banks.

What is Central Bank?

The central bank is the regulatory agency that governs the monetary policy of a country, forms the economic structure, controls, prints currency, controls the currency and above all controls the banking system of the country.

The central bank of Bangladesh is Bangladesh Bank. It was established on 16 December 1971 through the Bangladesh Bank Order, 1972. Its executive head is called the Governor.

The central bank is essentially the bank of banks. It is the job of the central bank to register and regulate new commercial banks.

It preserves the country’s foreign exchange reserves. Besides, it fixes the exchange rate of it’s currency against foreign currencies. Printing of banknotes and the introduction of currency in the market is also one of the responsibilities of this bank. It also serves as the treasury of the government.

What is a commercial bank?

A bank that accepts deposits from customers (public) and distributes loans for profit is called a commercial bank.

The banks that we see in our area, where we deposit money by opening an account, withdraw money, receive money from abroad and take loans, are commercial banks.

Difference between Central Bank and Commercial Bank

TopicCentral BankCommercial Bank
ObjectiveThe central bank acts in the overall interest of the country as guardian of the banking business and currency marketThe objective of commercial banks is to earn profit through the lending business
FormationFormed through special Act of Govt.It is formed according to the company and banking laws existing in the country.
MemberThe central bank acts as the guardian of the country’s currency market.Commercial banks act as members of the country’s money market.
OwnershipThe central bank is government owned.Commercial banks are public, private and public-private owned.
Policy CreatorThe central bank creates all monetary policies and determines interest rates in an economy.Commercial banks do not create any policies for an economy.
Deposit and LoanThe central bank does not accept any deposits or loans from the public.Commercial banks accept deposits from people through various accounts and earn profits by lending these funds.
BranchCentral Bank has no branches.Commercial banks can open various branches in the country and abroad and conduct operations.
RepresentActs as a representative of the government.Acts as the representative of the customer and central bank.
Clearing HouseThe central bank handles inter-bank transactions and settles debts. It is called the clearing house.Commercial banks assist in the management of the clearing house process.
Foreign CurrencyThe central bank holds foreign exchange reserves and regulates transactions.Foreign currency can only be transacted with the permission of the Central Bank.

The post Difference between Central Bank and Commercial Bank appeared first on BDClass.

]]>
https://bdclass.com/central-bank-and-commercial-bank/feed/ 0
State the Difference between Wet Farming and Dry Farming https://bdclass.com/difference-between-wet-farming-and-dry-farming/ https://bdclass.com/difference-between-wet-farming-and-dry-farming/#respond Mon, 17 Jan 2022 20:15:22 +0000 https://www.bdclass.com/?p=3960 Here I’m going to discuss the key differences between wet farming and dry farming. First of all, let’s know what is wet agriculture and dry agriculture. What is Wet Farming Wet farming is a method...

The post State the Difference between Wet Farming and Dry Farming appeared first on BDClass.

]]>
Here I’m going to discuss the key differences between wet farming and dry farming. First of all, let’s know what is wet agriculture and dry agriculture.

What is Wet Farming

Wet farming is a method of agriculture that depends on only regular and adequate rainfall, without artificial irrigation.

Mainly. wet farming is seen in countries or regions that are affected by the monsoon climate. This type of farming is controlled by the environment.

What is Dry Farming

In some parts of the world, there is not enough rain naturally and there is no facility for artificial irrigation. In those areas, farming is fully dependent on a small amount of rainfall. This type of farming is called dry farming.

The soils here are dry where is not much moisture. The average rainfall in these regions is below 20 cm average in a year. There is no canal or river for irrigation. Cultivation can be done through specific techniques and advanced technology.

This type of agriculture is found mainly in the southwestern part of North America, Mexico in South America, Argentina, and the Middle East.

Difference between Wet Farming and Dry Farming

Difference between Wet Farming and Dry Farming

Wet FarmingDry Farming
The wet farming system fully depends on natural rainfall.A dry farming system depends on low rainfall because there is no scope for irrigation.
The annual average rainfall is more than 75 cm.The annual average rainfall is less than 75 cm.
Depending on the rainfall, one crop or two crops are cultivated annually.One crop is cultivated due to low rainfall
The production of crops is much higher in wet farmingProduction is low in dry farming
If modern technology is used in wet agriculture, it is possible to produce more crops than usualIt is difficult to cultivate in dry agriculture without the use of technology. Moreover, even with the use of modern technology, good crops are not available.
The main crops of wet agriculture are paddy, jute, tea, rubber etc.The main crops are wheat, maize, pulses, sorghum, millet and cereals.

Get more articles on the Difference

The post State the Difference between Wet Farming and Dry Farming appeared first on BDClass.

]]>
https://bdclass.com/difference-between-wet-farming-and-dry-farming/feed/ 0
What is the Difference between Etiquette and Manners https://bdclass.com/difference-between-etiquette-and-manners/ https://bdclass.com/difference-between-etiquette-and-manners/#respond Wed, 31 Mar 2021 03:32:00 +0000 Etiquette and manners both the concepts involve rules of behaviour but they are slightly different. They also vary from culture to culture as standards of conduct depend on cultural tradition and heritage. I’ll tell about...

The post What is the Difference between Etiquette and Manners appeared first on BDClass.

]]>
Etiquette and manners both the concepts involve rules of behaviour but they are slightly different. They also vary from culture to culture as standards of conduct depend on cultural tradition and heritage.

I’ll tell about etiquette and manners with the core difference between etiquette and manners in this post.

Difference between Etiquette and Manners

At first we have to learn what etiquette and manners are. Let’s learn more about it.

Difference between Etiquette and Manners

What is Etiquette

Here we see the definition of Etiquette,

EtiquetteThe formal rules of correct or polite behaviour in society, among members of a particular profession or in a particular area of activity. – Oxford Dictionary

Etiquette is a specific rule or code of behavior in a particular situation or in a society. We have to learn it consciously.

For example, we have to learn communication etiquette, business etiquette, dining etiquette, etc

It is considered as the superior of the two. It is always exercised on the foundation of good manners. If a person has no manners, we can not expect him to have etiquette.

What is Manner

Now let’s know the definition of Manner.

MannerBehaviour that is considered to be polite in a particular society or culture. – Oxford Dictionary

Manners are all the polite behaviour that you unconsciously absorb for your family or society. People also know it as good manners. Manners vary from culture to culture.

For example, we learn to say ‘Thank you’ after receiving something, saying ‘please’ when requesting, saying ‘sorry’ when we hurt someone, respecting elders from a very early age. We learn all these general behaviours from school, family and society unconsciously.

Key Differences between Etiquette and Manners

I think you have already got the main difference between them. Let me tell you more clearly with key points.

  • The primary difference between etiquette and manners is that etiquette includes specific rules of conduct, while manner is more generalized.
  • Etiquette means some specific rules or codes of behaviour but manners are the ways how you perform those rules.
  • We learn manners from childhood through instruction and socialization, but we learn etiquette especially with conscious efforts.
  • Manners lay the foundation for an individual whereby the individual progresses by learning etiquette.

Why Etiquette and Manner is Important

People should be generally taught manners from a very young age so that they grow up with the basic rules of behaviour. They should know about appropriate behaviour in different social situations.

For example, children should learn, it is not polite to stare, to make any personal comments, or to cast aspersions upon the selection of food at dinner.

In childhood, people usually absorb lessons about how to behave with others in various situations. Manners often become second nature when they are taught at a young age.

I think this knowledge in the post will not be wasted. This knowledge will help you remember to apply etiquette and manners.

If you practice correct rules of behavior and manner, this may help you get advantages in the future.

For example, employers are often impressed by well-mannered candidates who are familiar with the business etiquette for a job opening. Good etiquette training also prepares someone for any situation.

The post What is the Difference between Etiquette and Manners appeared first on BDClass.

]]>
https://bdclass.com/difference-between-etiquette-and-manners/feed/ 0