THEORY OF THE FIRM

A firm is any business organization (unit) which is concerned with the production of any commodity or provision of services or selling and buying of goods and services. 

Firms can vary in size from a small scale firm such as a shop/kiosk to a very large scale public company. Examples of firms are, Tanzania telecommunications limited (TTCL), Tanzania cigarettes company (TCC) and Tanzania breweries limited (TBL).