managerial economics deals with the business firm and the economic problems it need to solve.it is the integration of the economic theories and business practise with the purpose of facilitating decision making and forward planning of management.
nature of managerial economics?
What is the nature and scope of Labour economics?
1. Micro econonic nature. 2.use of macro economics 3.use of theory firm 4.prospective nature 5.practical approch 6. Decision making at managerial level 7. Normative economics 8. Nature of business economics
There is not a basic difference between agricultural economics and general economics because the nature o agricultural economics has most of the same principles of general economics. Agriculture is the art and science of raising livestock and cultivating crops as a way of life and livelihood.
Economics does not describe a state of nature, therefore it is not a natural science.
nature of managerial economics?
What is the nature and scope of Labour economics?
Explain the nature & scope of business economics.
1. Micro econonic nature. 2.use of macro economics 3.use of theory firm 4.prospective nature 5.practical approch 6. Decision making at managerial level 7. Normative economics 8. Nature of business economics
There is not a basic difference between agricultural economics and general economics because the nature o agricultural economics has most of the same principles of general economics. Agriculture is the art and science of raising livestock and cultivating crops as a way of life and livelihood.
Economics does not describe a state of nature, therefore it is not a natural science.
1. Business economics is a branch of economics which applies microeconomics analysis tro decision methods of business or other management units where as economics is the science which studies how the scarce resources are employed for the satisfaction of needs of men living in the society. 2. Business economics is micro in nature whereas economics is macro in nature.
Adam smith
George Lennox Sharman Shackle has written: 'Uncertainty in economics, and other reflections' -- subject(s): Economics 'Economics for pleasure' 'The nature of economic thought' -- subject(s): Economics
It is mostly Micro economics and sometimes Macro economics It is application of economics in business management It helps to seek cost effective solutions hence it is normative in approach it is pragmatic in nature It is prescriptive in approach
"An inquiry into the nature and causes of the wealth of nations."
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