Industry is a type of business within an economy, while a company is a business establishment within an industry. ClassNotes, Com, Ng provides a first-class education for everyone, anywhere. We offer practice exercises, lessons and a personalized learning panel that allows students to study at their own pace inside and outside the classroom. Our mission is to provide lesson notes based on the curriculum, week by week, as it's in classrooms for thousands of students to read ahead and meet with their class.
An enterprise can be defined as an independently managed business unit that has the capacity and capacity to carry out production, construction, or distribution activities. A company is a unit of industry. Companies can range from small sole proprietorships with limited capital to large joint-stock companies with huge amounts of capital. Examples include UAC Nigeria Ltd, Ecobank Nig.
Ltd, Toyota, Punch Newspaper, Ekene Dili Chukwu Bus Services Ltd, etc. The firm refers to the organization that sells products or services to customers and makes profits from those sales. On the other hand, the industry is a group of firms or companies that produce and sell similar products or nearby substitutes. In other words, companies are like governments in democratic nations; they come and go while the industry remains as long as the country's economy is functioning. In conclusion, industry is a type of business within an economy while a company is a business establishment within an industry. Companies come and go while the industry remains as long as the country's economy is functioning.
Leave Message