To begin with, how about we start by clarifying ideas? The Industry alludes to a sort of
business inside an economy while a firm is a business foundation/establishment inside an industry.
There can be numerous firms inside an industry. We can also see a firm as a sort of business where
the Industry is a sub-area of an economy. A firm is a revenue-driven business, generally framed as
an organization that offers proficient types of assistance. The hypothesis of the Firm sets that firms
exist to augment benefits.
The fundamental contrast between Firm and Industry is that the Firm is an organization
engaged with the exchange of merchandise, services, or both to clients for payment. The Industry
is a creation of products or services of a given field inside an economy.
For this project, I chose “Data Security” as the Industry that I will work on, and the Firm
is “ImmuniWeb” (Geneva, Switzerland) or CISCO
Charles, T. (2018, May 22). The Difference Between Economics in Firms & Industry. Retrieved
September 13, 2020, from https://yourbusiness.azcentral.com/difference-between-