# What Is The Difference Between A Firm And An Industry?

The basic in detail please...

Industry is the collective name of no. Of firms (producing similar products) and a firm is a moment ago a part of that industry (representing the whole industry).

while firm is a unit , it can be partnership or corporation, producing a product

A firm is a business organization that owns and operate plants. Some firms operate only one plant, but many own and operate several.

A industry is a group of firms that produce the same, or similar, products.

Resolved Questions:

A Business cycle is basically a cycle that reflects the economic situation of a country. It depicts the fluctuations within an economy during a given period in time. A typical Business Cycle consists of four unchangeable stages which are: - Prosperity - Recession -...

The question is: 3/2 + 2/3 Making a common denominator: 3(2) + 2(2) /2(3) Multiplying: 6+4 / 6 Adding: 10/6 So the answer is 10/6

I need to know the value of x=-2 and x=-1 for the above equation . I keep getting confused near the signs. Y=x^2-x-2 When x=-2 then by putting the value of x in equation you will attain Rule...

**Answer:**Industry is the collective name of no. Of firms (producing similar products) and a firm is a moment ago a part of that industry (representing the whole industry).

**Comment:**It is very adjectives i know the collection of firms is a industry but confusing**Answer:**Industry is a group of firms , producing same product like cotton industry , steel industrywhile firm is a unit , it can be partnership or corporation, producing a product

A firm is a business organization that owns and operate plants. Some firms operate only one plant, but many own and operate several.

A industry is a group of firms that produce the same, or similar, products.

Resolved Questions:

**What Is Business Cycles And How They Occur?**A Business cycle is basically a cycle that reflects the economic situation of a country. It depicts the fluctuations within an economy during a given period in time. A typical Business Cycle consists of four unchangeable stages which are: - Prosperity - Recession -...

**What Is Radical 3/2 Plus Radical 2/3?**The question is: 3/2 + 2/3 Making a common denominator: 3(2) + 2(2) /2(3) Multiplying: 6+4 / 6 Adding: 10/6 So the answer is 10/6

**I'm A Little Confused With Signs And Can You Give Me The Answer To...**I need to know the value of x=-2 and x=-1 for the above equation . I keep getting confused near the signs. Y=x^2-x-2 When x=-2 then by putting the value of x in equation you will attain Rule...