Tangible vs Intangible Cost. The difference between tangible and intangible cost is often subtle but can have great consequences for a company. People sometimes look at tangible costs only overlooking or ignoring intangible costs for which they pay dearly later in life.
A second important distinction between the two careers is that psychiatrists can prescribe medications, while in most states psychologists cannot. However, there has been a recent push to grant prescribing powers to psychologists.
A psychologist is usually a PhD or PsyD and cannot prescribe prescription drugs. A psychiatrist in a medical physician with a specialty in psychiatry. Therefore they are autho â¦ rized to treat patients both psychologically as well as medically through the use of psychoactive drug treatments.sychiatrists are medical doctors who provide both medical and psychological therapy treatments. Psychologists can counsel patients, as can psychiatrists, but only psychiatrists can prescribe medicinal drugs and therapy treatments.