Diffrence B/w Firm,Company,Organization. and in b/w College,Institute?
Answer:
Ah the glories of the English language! So many pairs of words that could be used almost interchangeably, but have different shades of meaning.
Organization: the broadest of your terms. Any ordered grouping. In this context, a group of people with a defined purpose. Could be a business, but not necessarily.
Company: A business. Historically a business with a charter. That is, a legal entity separate from its owners, such as a corporation.
Firm: A business, but could apply to partnerships that legally were not considered as completely separate entities from their owner. E.g., a law firm.
College: An educational institution granting bachelor degrees.
Institute: A permanent educational or research organization that usually does not grant degrees.
Note that all of these words have several meanings and that some of the distinctions I am drawing are based on historical usage that may not strictly hold today.
Firm means a partnership firm where there are more than one persons.The liability is unltd. Last penny is also took out at time of dissolution.
Company may be private or public it has limited liability.common seal and it never dies, even if members die, it exists.
If patners die firm automatically ends.
Organization is an other term for company.
colleges are bigger body than institute.
colleges come under some university always but institute not necessarily,institutes may be deemed also.
Institute provides proffessional courses more.
colleges provide academic as well as proffessional.
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