How was francis bacon's process of basing discovery on observation and experimentation different from medieval ways of thinking

Medieval ways of thinking were based on traditional belief.

Francis Bacon was a prominent philosopher, politician, lawyer and English writer, father of philosophical and scientific empiricism. He developed in his De dignitate et augmentis scientiarumn, an empirical theory of knowledge and stated the rules of experimental scientific method in his Novum organum, which made him one of the pioneers of modern scientific thought.

Firm is the producer of goods and service, markets is the place where goods and services are sold or bought and factors are input in an organization used to produce goods and services.

Explanation:

A firm is an organization that sell goods and services in a market while market is a place where goods and services are sold.

Factor are the essential input used for producing good and service by an organization. These factors are labour, capital and land