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What is difference between economic and managerial economic?
Ravikhare
Difference between economics & managerial economics
1) Managerial Economics is micro in character Pure Economics is
both micro and macro in character
2) Managerial Economics study only practical application of the
Economic principle to the problem of firm Pure Economics deals with
the study of principles itself
3) Managerial Economics deals with the Economic problems of the firm
while Pure Economics deals with Economic problems of both firm and
individuals
4) Managerial Economics deals with profit theory only
Pure Economics deals with all distribution theories like rent,
wages, interests, and profits.
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