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Give and explain five reasons why you would recommend the study of economics to a business student?
Give and explain five reasons why you would recommend the study of economics to a business student?
Is economics the study of mankind in the ordinary business of life?
No, economics is the study of how people deal with the condition of scarcity with limited allocations of resources.
Four reasons why you should study economics?
Economics is a study of choices exist results from unlimited wants and scarce supply. It basically explain how household, firms, government and international sectors operate in goods market, money market, resources market and treasury market. Business student basically involve with the study of management which is part of firms operation in both goods market and resources market in economics. In other words, management and business are subset to economics.
What is the study of economics involves?
economics mainly deals with the production ,consumption,income, employment etc . thus we can say economics is the study of all economic activities say for from production to consumption.or it is study of business of life...........
Relationship between economics and business economics?
Economics is the broader study of how societies allocate scarce resources, focusing on principles that govern production, consumption, and distribution. Business economics, a subset of economics, applies these principles specifically to business decision-making and strategy. It integrates economic theory with business practices to analyze market conditions, assess risks, and optimize resource allocation within firms. Ultimately, business economics helps organizations navigate economic environments effectively for better profitability and growth.
What has the author Kevin Mole written?
Kevin Mole has written: 'Perspectives in entrepreneurship' -- subject(s): BUSINESS & ECONOMICS / New Business Enterprises, BUSINESS & ECONOMICS / Entrepreneurship, BUSINESS & ECONOMICS / Organizational Development, Study and teaching, Entrepreneurship
What is the economic s?
economics is the study of mankind in the ordinary business of life.
Definition of economics by William nordhaus?
William NOrdhaus defined economics as the study of how individual and society choose to use scarce resources.
Who defined economics as the study of mankind in the ordinary business of life?
alfred marshall
Is it important to study economics as a business student?
yes, it is important to learn economics because it is also one of the main subjects as well
What one means by business economics?
bisiness economics is the study of business related problems using economic techniqes like the study of market knowing the degree of competion prevailing in the market with the help of market structure techniques, the other example can be of the study of deamnd and supply forces. mostly micro econmics is regarded as business economics. it provides solution to basic problems of how to use scarce resource for unlimted wants.
How economics related to business administration?
in economics we study about economic activities , as we know business is not possible without economic concern like money ,financial activities so both are directly interrelatd.
