Question

Differences between firm and industry? ​

Answer 1

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The difference between the two is that firms make up industries. Put another way, an industry consists of several different firms selling similar products. An industry is not a discrete entity, but a firm is. Finally, an industry is a subsector of a country's economy.

Answer 2

Explanation:

andand economic and political process under which production and distribution become international barriers in movement of produce, capital, labour, thoughts and culture were reduced so that all this could be exchanged across the world without hindrance.