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प्रश्न
What is meant by a firm?
लघु उत्तर
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उत्तर
A firm is an individual business unit or organisation that produces goods or services to sell in the market with the aim of earning profit. It uses various factors of production such as land, labour, capital, and entrepreneurship to transform inputs into outputs. A firm makes decisions about production, pricing, and output levels based on market conditions and aims to maximise profit or minimise loss.
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