Question

difference between factory and commercial establishment ? for 10 marks​

Answer 1

Answer:

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The main difference between Commerical establishment and Factory is that the Commerical establishment is a association or collection of individuals, whether natural persons, juridic persons, or a mixture of both and Factory is a facility where goods are made, or processed.

Commerical establishment

A Commerical establishment, abbreviated as co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Commerical establishment members share a common purpose, and unite to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Commerical establishment take various forms, such as: voluntary associations, which may include nonprofit organizations business entities with an aim of gaining a profit financial entities and banks.

take various forms, such as: voluntary associations, which may include nonprofit organizations business entities with an aim of gaining a profit financial entities and banks.Factory

take various forms, such as: voluntary associations, which may include nonprofit organizations business entities with an aim of gaining a profit financial entities and banks.FactoryA factory, manufacturing plant or a production plant is an industrial site, usually consisting of buildings and machinery, or more commonly a complex having several buildings, where workers manufacture goods or operate machines processing one product into another. Factories arose with the introduction of machinery during the Industrial Revolution when the capital and space requirements became too great for cottage industry or workshops. Early factories that contained small amounts of machinery, such as one or two spinning mules, and fewer than a dozen workers have been called "glorified workshops".