What is the difference between COMPANY and FIRM?

[Testtest]

Hi, there

I wonder what are the differences between company and firm.

When we are going to use company, when using firm?

Could anyone give me some examples?

Thanx in advance.

[Swami]

Hi, there

I wonder what are the differences between company and firm.

When we are going to use company, when using firm?

Could anyone give me some examples?

Thanx in advance

Hi,

Here you Go...

Firm:

An economic term, used to describe a collection of individuals grouped together for economic gain.

Company:

unit containing more than one platoon. They are typically commanded by a captain. Companies are assigned within Battalions.

Firm and company both reflects the same meaning.

Hope this help..

[Conchita]

Swami is right in that both 'firm' and 'company' mean 'business'. However, I'm afraid the definition given for company (related to soldiers) is not the one we need here.