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What is a firm? - Economics

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प्रश्न

What is a firm?

लघु उत्तरीय
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उत्तर

A firm is a production unit engaged in producing goods and services with the objective of earning profit and maximizing it. It acts as the basic decision-maker regarding production and combines factors of production to create value.

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अध्याय 2: Basic Economic Entities in an Economy - QUESTION BANK [पृष्ठ २४]

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जे. पी. गोयल और कौशल गोयल Economics [English] Class 9 ICSE
अध्याय 2 Basic Economic Entities in an Economy
QUESTION BANK | Q 5. | पृष्ठ २४
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