Economics A Level: What is a:
1. Firm
2. Industry
3. Market

Question

What is a:
1. Firm
2. Industry
3. Market

go kys · Accepted Answer

1. A Firm is a Business Organisation. Ie a Family-run Dental Practise 
2. Industry is all Firms making similar Goods
3. Market has all the firms Providing a Specific Goods and the People buying it. Supply and Demand

Economics A Level

What is a: 1. Firm 2. Industry 3. Market

1. A Firm is a Business Organisation. Ie a Family-run Dental Practise 2. Industry is all Firms making similar Goods 3. Market has all the firms Providing a Specific Goods and the People buying it. Supply and Demand

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