What is the difference between firm and industry

Firm verb transitive To make compact or resistant to pressure; solidify. Industry noun Any department or branch of art, occupation, or business; especially, one which employs much labor and capital and is a distinct branch of trade; as, the sugar industry; the iron industry; the cotton industry.

Firm verb intransitive To become firm; stabilise. Industry noun Human exertion of any kind employed for the creation of value, and regarded by some as a species of capital or wealth; labor. Firm verb intransitive To improve after decline. Firm verb To shorten of betting odds.

Firm verb To select a higher education institution as one's preferred choice, so as to enrol automatically if one's grades match the conditional offer. Firm adjective Fixed; hence, closely compressed; compact; substantial; hard; solid; - applied to the matter of bodies; as, firm flesh; firm muscles, firm wood. Firm adjective Not easily excited or disturbed; unchanging in purpose; fixed; steady; constant; stable; unshaken; not easily changed in feelings or will; strong; as, a firm believer; a firm friend; a firm adherent.

Firm adjective Solid; - opposed to fluid; as, firm land. Firm adjective Indicating firmness; as, a firm tread; a firm countenance. Firm verb To fix; to settle; to confirm; to establish. Firm verb To fix or direct with firmness. Firm adjective of a currency, shares, etc. Firm noun a group of hospital doctors working as a team, headed by a consultant.

Firm noun an organized group of football supporters known for their aggressive attitudes towards rival fans. Popular Comparisons. Adress vs. Comming vs. Label vs. Genius vs.

Speech vs. Chief vs. Teat vs. Neice vs. Buisness vs. Beeing vs. Amature vs. Lieing vs. However, the word is also used to describe companies such as law firms that provide judicial services.

A firm can be a partnership or a sole proprietorship, but it is typically a for-profit operation. A firm operates within an industry. For instance, a business-to-business law firm that defends other businesses and a law firm that works for one-on-one private clients both operate within the legal industry.

These distinctions are what we call industries. Examples of profitable industries in the U. A distinct industry consists of all the businesses, or firms, that are involved in the production and sale of a specific product or service.

Retail industry consists of firms that sell products directly to customers, while wholesale firms sell products to other businesses. Service industries provide a service to an individual or another firm.

Examples include the insurance industry and the banking industry. The difference between the two is that firms make up industries. What is an Industry? The Difference between Firm and Industry. It consists of several different firms selling similar products or services. There are rules and regulations made for industry.

Industry consists of several different firms selling similar products or services. It is involved in production of services and goods field within an economy. Fashion industry, Food industry, Chemical industry, Paper industry, Petroleum industry, etc. Show More.