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Operation Research is used in managerial economics to find out the best of all possibilities. Linear programming is a great aid in decision making in business and industry as it can help in solving problems like determination of facilities on machine scheduling, distribution of commodities and optimum product mix etc.

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14y ago
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9y ago

The disciplines of finance and economics inform and influence each other greatly. Many consider economics to be more broad and global, while finance tends to be more specific to particular companies or industries.

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10y ago

Managerial economics is higly related to other fields of study. Because it combines economics in theory and economics in practice, it relies heavily on calculus, regression analysis, game theory, and mathamatical anylaysis, as well as a variety of other subjects.

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15y ago

Can anyone help me diffrentiate between economics and finance?. And what does it really mean when someone define finance as applied macro-economics?

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15y ago

Macro economics studies and deals with Micro economics

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9y ago

Both are difference professioner Business Finance is the art of manage in or controlling a business or work on business but economic is to your self as the nation.

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10y ago

i don`t know tell me

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13y ago

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Q: What is the relationship of finance and economics?
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