| 单词 | firm |
| 释义 | firm The basic unit of decision-taking in a decentralized economy. The theory of the firm models how a firm would behave given assumptions about its objectives, which may include profit maximization, avoidance of risk, and long-run growth. Many firms are run by sole traders, and others are partnerships; larger firms are usually organized as companies. A single firm may have numerous establishments or branches, such as factories or shops. See also: dominant firm, evolutionary theory of the firm, incumbent firm, managerial theories of the firm, marginal firm, multinational, multi-plant firm, multi-product firm, representative firm, and worker-controlled firm |
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