If there is an economic activity is going on, one can be pretty sure that the outfit carrying it is a company. However, there are subtle differences between a company and an enterprise that will be highlighted in this article.Īny business that is conducted with the aim of generating profits is referred to as a company. The two concepts are very similar to each other prompting many to make use of these words interchangeably. We assume the same thing when someone speaks of an enterprise or when we hear the word company. There are many different words used for a business or an organization doing some economic activity such as company, establishment, firm, venture, enterprise etc.
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