Read this article to learn about the difference between Formal and Informal Organistion. # Formal Organisation: 1. Purpose: A formal organisation is created for the fulfilment of technical objective. 2. Degree of Rigidity: It follows predetermined rules as to lines of authority and responsibility. 3. Flow of Authority: Under formal organisation, formal authority is from upward to downward. 4. Size: [...]
This article will help you to learn about the difference between domestic trade and foreign trade. Difference between Domestic Trade and Foreign Trade Home or Domestic or Internal Trade 1. Meaning: Purchase and sale of goods within a country is known as internal or home trade. 2. Different Currencies: Home or domestic trade involves the use of only one currency, [...]
This article will help you to learn about the difference between commodity and stock exchange. Difference between Commodity Exchange and Stock Exchange 1. Commodities Dealt in: Commodity exchanges provide facilities for the purchase and sale of agricultural goods, minerals as well as manufactured goods. Stock exchange, are on the other hand, to assist the purchase and sale of securities. 2. [...]