# The individual business and the industry

> A perfect market has two levels, which must be kept apart: the individual business (a single firm, or producer) and the industry (all the firms selling the same homogeneous product). The industry…

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## More in The dynamics of perfect markets

- [Perfect competition](https://www.hlayiso.com/grade-12/economics/notes/the-dynamics-of-perfect-markets/perfect-competition) — Previous section
- [Market structures](https://www.hlayiso.com/grade-12/economics/notes/the-dynamics-of-perfect-markets/market-structures) — Next section
- [All The dynamics of perfect markets sections](https://www.hlayiso.com/grade-12/economics/notes/the-dynamics-of-perfect-markets)

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### What will I learn in "The individual business and the industry"?

This section covers The individual business and the industry as part of The dynamics of perfect markets in Grade 12 Economics. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

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