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Features Of The Terms For Designating Economic Entities In Academic Discourse

Table 1:

Term Corporation Organization Enterprise
Firm “commercial or industrial activity or organization” “a business unit or enterprise”
Corporation “an entity such as a business, municipality, or organization,”“a body formed and authorized by law to act as a single person although constituted by one or more persons”
Organization “a group of persons” formally joined together for some common interest”
Enterprise “a business organization,”“a commercial or industrial activity or organization,”“a systematic purposeful activity”
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