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firm

definition

An organization, possibly as small as a single person or as large as many thousands, that produces a good and/or provides a service that it sells to the public, the government, or other firms, using the proceeds to cover its costs. Also a business, a company, or an enterprise.

Related Terms

 • employee  • entity trading account  • regulator  • Client  • value added tax  • quota  • forward integration  • exit price
 more related terms