JSTOR

Skip to Main Content

• JSTOR Home
• Search
○ Advanced Search
○ Citation Locator
• Browse
○ by Discipline
○ by Title
○ by Publisher
• MyJSTOR
○ Saved Citations
○ Saved Searches
○ Profile

• Login
• Help
• Contact Us
• About
THIS ITEM IS AVAILABLE FOR PURCHASE
Top of Form

Purchase this article from the publisher for

$5.00 USD
62,10.2307/13381 Purchase Article

Enter your token or email if you've already purchased this article.

Bottom of Form

Top of Form
 This Issue on

Search for
on

Bottom of Form
You are viewing the first page/citation. Full-text access may be available if you are affiliated
with a participating library or publisher. Check access options or login if you have an
account.
+ Show full citation
• The Firm, the Industry, and the Long-Run Demand for Factors of Production
• Lowell R. Bassett and Thomas E. Borcherding
• The Canadian Journal of Economics / Revue canadienne d'Economique
Vol. 3, No. 1 (Feb., 1970), pp. 140-144
(article consists of 5 pages)
• Published by: Blackwell Publishing on behalf of the Canadian Economics Association
• Stable URL: http://www.jstor.org/stable/133814

The Canadian Journal of Economics / Revue canadienne d'Economique © 1970 Canadian

Economics Association.
• JSTOR Home
• About
• Search
• Browse
• Terms and Conditions
• Privacy Policy
• Accessibility
• Help
• Contact us
JSTOR is part of ITHAKA, a not-for-profit organization helping the academic community
use digital technologies to preserve the scholarly record and to advance research and teaching
in sustainable ways.
©2000-2010 ITHAKA. All Rights Reserved. JSTOR®, the JSTOR logo, and ITHAKA® are
registered trademarks of ITHAKA.
• Yahoo!

• My Yahoo!

• Mail

• More Yahoo! Services

Make Y! My HomepageGet Yahoo! Toolbar
Account Options
New User? Sign UpSign InHelp

Top of Form
ush-ans

Yahoo! Search web search

Bottom of Form

• Home
• Browse Categories
○ Arts & Humanities
○ Beauty & Style
○ Business & Finance
○ Cars & Transportation
○ Computers & Internet
○ Consumer Electronics
○ Dining Out
○ Education & Reference
○ Block User
All the three words are interrelated and it is quite difficult to differentiate.
Basically industry refers to a product where as firm means a company
engaged in business related to that particular product and plant is a place
where the manufacturing of that product takes.
Now an example by which you can understand this better.
Chennai based TVS Motor Co is a well established FIRM in two wheeler
INDUSTRY who have their manufactureing PLANT at Hosur inTamil Nadu as
well as another PLANT at Mysore in Karnataka.
○ 4 years ago
0% 0 Votes
○ 0 Rating: Good Answer
○ 0 Rating: Bad Answer
○ Report Abuse

• by vikar
Member since:
03 July 2006
 Total points:

153 (Level 1)

○ Add to My Contacts
○ Block User
a firm is a single unit in some business while industry is the collection of
the firms doing similar business. for eg raymond is a textile making while
the industry is textile industry
○ 4 years ago
0% 0 Votes
○ 0 Rating: Good Answer
○ 0 Rating: Bad Answer
○ Report Abuse

Open Questions in Other - Business & Finance

• Will a bank accept a cheque if there is no year on the date?
• There is any phone number of Jobseeker Payment Enquires startint from
01603 that can i call?
• What is the difference between business operations and business
administration?
• Does anyone know if there´s any way to watch live TV online? pls help?

Resolved Questions in Other - Business & Finance

• Accounting question ?
• Encumbrance accounting?
• Accounting 1 problem?
• Accounting Help? (Balance Sheet QuestioN)?

Categories
 • All Categories
○ Business & Finance
 Advertising & Marketing
 Careers & Employment
 Corporations
 Credit
 Insurance
 Investing
 Other - Business & Finance
 Personal Finance
 Renting & Real Estate
 Small Business
 Taxes

Sponsor Results
Submit Resume for Free

Over 2 Lac jobs on Timesjobs.com. High paid jobs from top...

TimesJobs.com

Find Your Dream Job

200000+ Jobs, over 25000 recruiters. Log on now to start...

www.naukri.com

Job Openings

Find jobs in top companies. Submit your resume free.

www.MonsterIndia.com

See your message here...

Answers International
• Argentina
• Australia
• Brazil
• Canada
•