plz rly soon
2007-03-07 07:48:29 · 5 answers · asked by weeda rafiq 1 in Education & Reference ➔ Homework Help
A firm is a Company that carries out business, examples: Ford, Wal-Mart, Amazon.
An industry describes a area of the economy, examples car manufacture, textile industry.
2007-03-07 07:55:32 · answer #1 · answered by Alex 5 · 0⤊ 0⤋
Firms also could refer more toward Legal businesses..i.e. a legal firm or Advertising firm..a business that does not necessarily make a tangible product.
An Industry on the other hand seems to refer more toward a paticular sector of production...i.e. the auto industry, food industry etc. Companies that manufacture tangilbe goods.
Just a thought hope it helps!
2007-03-07 07:58:05 · answer #2 · answered by jackofonetrade 2 · 0⤊ 0⤋
A firm is a company or corporation.
An industry is an area of specialization.
Firm: Coca-Cola
Industry: Beverages
Sorry, I can't come up with a better example, but you get the idea.
2007-03-07 07:51:31 · answer #3 · answered by eleven 4 · 0⤊ 0⤋
Firm - A single business - McDonalds, Taco Bell, ect are firms
Industries - They are all in the Fast food industry
2007-03-07 07:51:03 · answer #4 · answered by sooners83 4 · 0⤊ 0⤋
an company is a agency ("A commercial partnership of two or extra persons") - e.g. an company of solicitors marketplace is what the agency could (or won't!) be engaged in ("commercial production and sale of things") e.g. he's with a kin employer it is in contact interior the electronics marketplace.
2016-11-23 13:47:03 · answer #5 · answered by ? 4 · 0⤊ 0⤋