The firm
Example: The firm operates in competitive markets
Definition
"The firm" refers to a business organization, such as a company or partnership, that produces goods or provides services. It is often used in economic contexts to describe an enterprise engaged in commercial activities, like when saying, "The firm operates in competitive markets."
Etymology
The term "the firm" originates from the Latin word 'firmus,' meaning strong or steadfast. Over time, it came to denote a business partnership or company. Did you know? The phrase emphasizes stability and reliability, qualities valued in commercial enterprises.
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"The firm" appears in the Vocaplus list "English - General - (B2) - set 3", containing 112 commonly used words.
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