Saturday, December 5
Advantages and Disadvantages of a Corporation
Business

Advantages and Disadvantages of a Corporation

When you decide to start your own business, it can be pretty daunting to zero in on what it should look and function like. This article will specifically deal with what a corporation is as well as its pros and cons. So let us have a look. WHAT IS IT? In dictionary terms, a corporation is an association or a body formed and authorized by law to act as a single person although constituted by one or more persons and legally endowed with various rights and duties including the capacity of succession. In simple terms, it is a type of business organization that is separate and distinct from its owners. And it differs from other types of business organizations like, for instance, a partnership or a sole proprietorship in its characteristics. Depending on these characteristics, corporations c...
Advantages and Disadvantages of Being an Entrepreneur
Business

Advantages and Disadvantages of Being an Entrepreneur

Running your own company or business seems like an exciting career opportunity for many. Though it seems like a highly exciting prospect, it is equally challenging. Have you ever wondered about what it would be like to become a successful entrepreneur? This article delves into the benefits as well as the challenges of being an entrepreneur and everything that it encompasses. THE CONCEPT OF ENTREPRENEURSHIP Entrepreneurship is the ability or skill in starting new businesses, especially new opportunities. The important factor that sets entrepreneurship in motion is the ability to create not only something new but something of value as well. Now what is valuable is subjective and open to interpretation. Because most times, the value addition may not be entirely in terms of capital or profit...
Advantages and Disadvantages of Online Classes
Education and Communications, Technology

Advantages and Disadvantages of Online Classes

The following article deals with one of the many modes of education, that is online classes or online education. Here's a look at the advantages as well as the disadvantages of the same. WHAT IS AN ONLINE CLASS? Online classes or online education is quite simply classes on the internet with the help of technology. These are specialized and curated through a learning management system. With the help of the system, students can access their desired classes and courses. Universities have their own portals to keep track of their students' progress. Apart from that, there are also independent educational web portals or MOOCs like edX, Coursera, Udemy, etc. that offer free and paid courses online that can be accessed by anyone online. Know More - Advantages and Disadvantages of Homeschoolin...
Advantages and Disadvantages of Sound Energy
Science

Advantages and Disadvantages of Sound Energy

Sound is everywhere around us. And there have been possibilities of harnessing sound energy. But unfortunately, no major breakthroughs. This article looks at the characteristics of sound and sound energy along with the advantages and disadvantages of the same. WHAT IS IT? Scientifically, sound is defined as the mechanical radiant energy that is transmitted by longitudinal pressure waves in a material medium (such as air) and is the objective cause of hearing. It is essentially a vibration causing an acoustic wave. In simple words, one can say that it is something that one perceives with their sense of hearing. Unlike light, sound cannot travel in a vacuum and always travels through a medium such as water, air, glass, etc. Sound energy is a form of energy that moves through any object ...
Advantages and Disadvantages of an Annuity
Finance and Business

Advantages and Disadvantages of an Annuity

We make sound investments to achieve our financial goals depending on our needs and ambitions. There are different types of investments where one can invest directly or indirectly. These include bonds, mutual funds, stocks, cash equivalent investments, etc. An annuity is one type of tax-deferred investment option available. So this article delves into the characteristics of an annuity, how it works, and its pros and cons. WHAT IS AN ANNUITY? An annuity is a series of payments or a fixed sum of money paid periodically at equal intervals. It is a long-term contract between a customer and their insurance company where they either pay a lump sum of money or periodic payments. And in return for this, you receive regular disbursement immediately or over a period of time. In other words, this i...
Advantages and Disadvantages of Wave Energy
Science

Advantages and Disadvantages of Wave Energy

We are all trying to be more conscious of our choices and looking towards alternative energy or renewable energy sources. Renewable energy like solar, wind, tidal, geothermal, etc. are commonly used. But when we think of ocean waves as a source of energy, there is not much we know about. So here is a look at the potential of wave energy as well as the challenges it may face. WHAT IS WAVE ENERGY? Wave energy or ocean energy or sea wave energy is the process of capturing energy from ocean or sea waves. In other words, it is power harnessed from waves. And this can be utilized for a number of different things. For example, generation of electricity, desalination of water, pumping water into reservoirs, etc. It is an untapped form of renewable energy that shows a lot of potential. Though it ...
Advantages and Disadvantages of Thermal Power Plants
Science

Advantages and Disadvantages of Thermal Power Plants

Every aspect of our lives run on energy. Energy that we harness from our surroundings. And with the increase in our dependency on these energy resources, the conversation has shifted towards greener alternatives and sustainable resources - especially due to climate change. Are conventional energy sources going to take a backseat now? Let us look at one of the many conventional energy generation sources - thermal power plants. This article will discuss its workings as well as the advantages and disadvantages. WHAT IS IT? A thermal power plant or station is an electrical facility that uses any source of thermal (heat) energy and converts it into electric energy. Thermal energy is basically harnessing heat and converting it into electricity generation. And a thermal power plant uses steam i...
Advantages and Disadvantages of a Lockdown
LAW

Advantages and Disadvantages of a Lockdown

We are simultaneously witnessing an unprecedented pandemic, loss of life and resources, a global environmental crisis, and the resultant economic downfall due to it all - and we are only halfway through with the year. The world as we knew it has ceased to exist. Closer inspection into what the ongoing coronavirus pandemic exhibits is that 2020 is the year that everything changed. The shift towards a new normal was inevitable and almost everyone has had to navigate and deal with it. And in order to limit the further spreading of the virus, lockdowns have been put in place by affected countries. So here is a quick rundown on what are the implications of a lockdown in the current backdrop of events. WHAT DOES A LOCKDOWN IMPLY? The meaning of a lockdown differs based on its context. It can b...