Differentiate between firm industry
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The Difference Between Firm and Industry
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
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The Difference Between Firm and Industry
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
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