MEANING OF FIRM, PLANT OR FACTORY, INDUSTRY AND COMPANY
Firm Definition: A firm is an independently administered business unit which carries out productive activities such as production, construction or distributive activities. A firm organizes it production in a plant.
Plant or Factory
Definition of a plant or factory
: A plant or factory is a place where a firm carries out its productive activities e.g. farm and quarry. MEANING OF FIRM
meaning of industry as a firm
meaning of Company under firm
Definition of a company: 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. It consist of the activities geared towards the production of goods through extraction manufacturing and construction industry