a. An individual firm
We use participatory economics because we have workers' and consumers' councils utilizing self-managerial methods for decisions.
microeconomics
microeconomics(kaylop)
microeconomics(kaylop)
is the branch of economics that study the economic behaviour of small individual decision making unit in an economy.
what is the role of managerial economics in Pakistan
We use participatory economics because we have workers' and consumers' councils utilizing self-managerial methods for decisions.
microeconomics
microeconomics(kaylop)
microeconomics(kaylop)
Micro economics is said to be the economics of individual whereas Macro econmics is economics of the overall country.If you are an individual micro economics could be your best choice and macro will be favourable in case you are looking towards the country.In short both are favourable depending upion the situation.
It's unclear what exactly you mean by "economy industry" but I'll assume you mean jobs that deal with economics and the economy, in which case the simple answer to that question is "Economics", since that is the overall degree program that usually deals with economic systems and policies.
is the branch of economics that study the economic behaviour of small individual decision making unit in an economy.
distribution and industry are Private_propertyOwnershipand operated for a private Profit_(economics)
Micro economics deals with smaller things like an individual peoples decisions and small communities. An example of a conflict is in micro economics it is irrational to vote yet in macro economics it is rational. Micro economics deals with more individual based problems while macro is more broad spectrum.
"Bad Goods" are by-products of industry such as pollution or congestion which have a negitive effect on the economy.
Business managers need to know about macroeconomics because firms operate in and are influenced by the behavior of the overall economy. Factors such as interest rates, employment, inflation, money supply, etc., affect the business environment and financial conditions in general, so firms must address macroeconomic issues in their planning and management strategy. Macroeconomic forecasts and strategies are more important for large firms than for small businesses.