What is the difference between household and firm?

Dear student
household firms
1) household are the owners of all factors of production 1) firms are the hirer of factor of production from the household.
2) household are the consumer of goods and services. 2)firms are the producers of goods and services.
3) they receive factor income in the form of wages, rent, interest and profit from firms. 3) they make factor payment to household.

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