Question

What are the differences between a plant, firm, factory and industry?
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Answer 1

Answer:

A Plant – Plant refers to an institution that, in general. ... Firms generally operate one or more than one plant. An Industry – Industry refers to a group of firms that are involved in production of same or similar kind of goods and services.

Explanation:

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Answer 2

Answer:

A Plant – Plant refers to an institution that, in general. ... Firms generally operate one or more than one plant. An Industry – Industry refers to a group of firms that are involved in production of same or similar kind of goods and services