MEANING OF FIRM, PLANT, FACTORY, INDUSTRY AND COMPANY

MEANING OF FIRM, PLANT OR FACTORY, INDUSTRY AND COMPANY


meaning of a Firm


Definition: A firm is an independently administered business unit which carries out productive activities such as production, construction or distributive activities.

A firm organises it production in a plant.


meaning of a Plant or Factory


Definition: A plant or factory is a place where a firm carries out its productive activities e.g. farm and quarry.

goods and services 2


what is An Industry


Definition: An industry is the combination of a number of firms producing broadly similar commodities or services for the same market.


meaning of a Company


Definition: A company is defined as a legal person or entity created by the association of a number of people in accordance with the law, for the purpose of pooling their capital together in on to set up a business venture.

rice processing

Industry consist of the activities geared towards the production of goods through extraction manufacturing and construction.

WEED AND THEIR BOTANICAL NAMES

  1. ENVIRONMENTAL FACTORS AFFECTING AGRICULTURAL PRODUCTION
  2. DISEASES
    1. SOIL MICRO-ORGANISMS
  3. ORGANIC MANURING
  4. FARM YARD MANURE
  5. HUMUS
  6. COMPOST
  7. CROP ROTATION
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