Main Difference
The main difference between Farm and Firm is that the Farm is a area of land for farming, or, for aquaculture, lake, river or sea, including various structures and Firm is a organization involved in the trade of goods, services, or both to customers for pay
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Farm
A farm is an area of land that is devoted primarily to agricultural processes with the primary objective of producing food and other crops; it is the basic facility in food production. The name is used for specialised units such as arable farms, vegetable farms, fruit farms, dairy, pig and poultry farms, and land used for the production of natural fibres, biofuel and other commodities. It includes ranches, feedlots, orchards, plantations and estates, smallholdings and hobby farms, and includes the farmhouse and agricultural buildings as well as the land. In modern times the term has been extended so as to include such industrial operations as wind farms and fish farms, both of which can operate on land or sea.
Farming originated independently in different parts of the world, as hunter gatherer societies transitioned to food production rather than, food capture. It may have started about 12,000 years ago with the domestication of livestock in the Fertile Crescent in western Asia, soon to be followed by the cultivation of crops. Modern units tend to specialise in the crops or livestock best suited to the region, with their finished products being sold for the retail market or for further processing, with farm products being traded around the world.
Modern farms in developed countries are highly mechanized. In the United States, livestock may be raised on rangeland and finished in feedlots and the mechanization of crop production has brought about a great decrease in the number of agricultural workers needed. In Europe, traditional family farms are giving way to larger production units. In Australia, some farms are very large because the land is unable to support a high stocking density of livestock because of climatic conditions. In less developed countries, small farms are the norm, and the majority of rural residents are subsistence farmers, feeding their families and selling any surplus products in the local market.
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Firm
A business (also known as an enterprise, a company, or a firm) is an organizational entity and legal entity made up of an association of people, be they natural, legal, or a mixture of both who share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific declared goals and are involved in the provision of goods and services to consumers. A business can also be described as an organization that provides goods and services for human needs.
A company or association of persons can be created at law as legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail) to discharge their duty within the publicly declared “birth certificate” or published policy.
Because companies are legal persons, they also may associate and register themselves as companies – often known as a corporate group. When the company closes it may need a “death certificate” to avoid further legal obligations.
Businesses serve as conductors of economic activity, and are prevalent in capitalist economies, where most of them are privately owned and provide goods and services allocated through a market to consumers and customers in exchange for other goods, services, money, or other forms of exchange that hold intrinsic economic value.
Businesses may also be social nonprofit enterprises or state-owned public enterprises operated by governments with specific social and economic objectives.
A business owned by multiple private individuals may form as an incorporated company or jointly organized as a partnership. Countries have different laws that may ascribe different rights to the various business entities.
The word “business” can refer to a particular organization or to an entire market sector (for example, “the finance business” is “the financial sector”) or to all economic sectors collectively (“the business sector”). Compound forms such as “agribusiness” represent subsets of the concept’s broader meaning, which encompasses all activity by suppliers of goods and services.
Typically private-sector businesses aim to maximize their profit, although in some contexts they may aim to maximize their sales revenue or their market share. Government-run businesses may aim to maximize some measure of social welfare.
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Farm (noun)
A place where agricultural and similar activities take place, especially the growing of crops or the raising of livestock.
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Farm (noun)
A tract of land held on lease for the purpose of cultivation.
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Farm (noun)
A location used for an industrial purpose, having many similar structures
“fuel farm”
“wind farm”
“antenna farm”
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Farm (noun)
A group of coordinated servers.
“a render farm”
“a server farm”
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Farm (noun)
Food; provisions; a meal.
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Farm (noun)
A banquet; feast.
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Farm (noun)
A fixed yearly amount (food, provisions, money, etc.) payable as rent or tax.
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Farm (noun)
A fixed yearly sum accepted from a person as a composition for taxes or other moneys which he is empowered to collect; also, a fixed charge imposed on a town, county, etc., in respect of a tax or taxes to be collected within its limits.
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Farm (noun)
The letting-out of public revenue to a ‘farmer’; the privilege of farming a tax or taxes.
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Farm (noun)
The body of farmers of public revenues.
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Farm (noun)
The condition of being let at a fixed rent; lease; a lease.
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Farm (verb)
To work on a farm, especially in the growing and harvesting of crops.
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Farm (verb)
To devote (land) to farming.
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Farm (verb)
To grow (a particular crop).
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Farm (verb)
To give up to another, as an estate, a business, the revenue, etc., on condition of receiving in return a percentage of what it yields; to farm out.
“to farm the taxes”
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Farm (verb)
To lease or let for an equivalent, e.g. land for a rent; to yield the use of to proceeds.
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Farm (verb)
To take at a certain rent or rate.
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Farm (verb)
To engage in grinding (repetitive activity) in a particular area or against specific enemies for a particular drop or item.
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Firm (noun)
A business partnership; the name under which it trades.
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Firm (noun)
A business enterprise, however organized.
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Firm (noun)
A criminal gang, especially based around football hooliganism.
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Firm (adjective)
steadfast, secure, hard (in position)
“It’s good to have a firm grip when shaking hands.”
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Firm (adjective)
fixed (in opinion)
“a firm believer; a firm friend; a firm adherent”
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Firm (adjective)
solid, rigid (material state)
“firm flesh; firm muscles, firm wood; firm land (i.e. not soft and marshy)”
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Firm (verb)
To make firm or strong; fix securely.
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Firm (verb)
To make compact or resistant to pressure; solidify.
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Firm (verb)
To become firm; stabilise.
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Firm (verb)
To improve after decline.
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Firm (verb)
To shorten (of betting odds).
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Firm (verb)
To select (a higher education institution) as one’s preferred choice, so as to enrol automatically if one’s grades match the conditional offer.
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Farm (noun)
an area of land and its buildings, used for growing crops and rearing animals
“a farm of 100 acres”
“farm workers”
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Farm (noun)
a farmhouse
“a half-timbered farm”
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Farm (noun)
a place for breeding a particular type of animal or producing a specified crop
“a fish farm”
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Farm (noun)
a place devoted to producing or promoting something
“an energy farm”
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Farm (verb)
make one’s living by growing crops or keeping livestock
“he has farmed organically for years”
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Farm (verb)
use (land) for growing crops and rearing animals
“marshes are being drained in order to farm the land”
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Farm (verb)
breed or grow (a type of livestock or crop) commercially
“ostriches are farmed in South Africa and Australia”
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Farm (verb)
send out or subcontract work to others
“it saves time and money to farm out some writing work to specialized companies”
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Farm (verb)
arrange for a child to be looked after by someone, usually for payment
“the babies are farmed out for five years”
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Farm (verb)
send a sports player temporarily to another team in return for a fee
“he was farmed out in 1938 and ’39 and came back for two games in 1940”
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Farm (verb)
allow someone to collect and keep the revenues from (a tax) on payment of a fee
“the customs had been farmed to the collector for a fixed sum”
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Firm (adjective)
having a solid, almost unyielding surface or structure
“the bed should be reasonably firm, but not too hard”
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Firm (adjective)
solidly in place and stable
“he was unable to establish the shop on a firm financial footing”
“no building can stand without firm foundations”
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Firm (adjective)
having steady but not excessive power or strength
“you need a firm grip on the steering”
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Firm (adjective)
showing resolute determination and strength of character
“parents should be firm with children and not give in to their demands”
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Firm (adjective)
strongly felt and unlikely to change
“he retains a firm belief in the efficacy of prayer”
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Firm (adjective)
steadfast and constant
“we became firm friends”
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Firm (adjective)
decided upon and fixed or definite
“she had no firm plans for the next day”
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Firm (adjective)
(of a currency, shares, etc.) having a steady value or price which is more likely to rise than fall
“the pound was firm against the dollar”
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Firm (verb)
make more solid or resilient
“how can I firm up a sagging bustline?”
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Firm (verb)
fix (a plant) securely in the soil
“don’t tread around bushes to firm them”
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Firm (verb)
make (an agreement or plan) explicit and definite
“the agreements still have to be firmed up”
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Firm (verb)
(of a price) rise slightly to reach a level considered secure
“the shares firmed 15p to 620p”
“he believed house prices would firm by the end of the year”
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Firm (adverb)
in a resolute and determined manner
“the Chancellor has held firm to tough economic policies”
“she will stand firm against the government’s proposal”
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Firm (noun)
a business concern, especially one involving a partnership of two or more people
“a law firm”
“state support for small firms”
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Firm (noun)
a group of hospital doctors working as a team, headed by a consultant.
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Firm (noun)
an organized group of football supporters known for their aggressive attitudes towards rival fans.