0
Discuss the relationship between economics and management function how does the former contributeto the latter?
Wiki User
∙ 12y ago
Management is related to the area of micro economics, theory of the firm,innovation and investment in macro-economics, besides welfare economics and environmental economics.
Economics and Management are ideal intellectual partners, each particularly fitted to strengthen and cross-fertilise the other. Economics provides the broader understanding of economic activity within which all organisations function; management in turn analyses the character and goals of that functioning. The management economics is often a subsection of the economic science and thus in broader sense a special form of the social, culture and Geisteswissenschaften. Like the economic science it is based in principle on the fact that most goods are limited and must by the participants be managed. It describes the economic functions of the enterprise within a national economy. In addition above all the optimal organization of the factors of production belongs apart from the company targets and the economical functions. In the broader sense also all households are enterprises
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
How does economics contributes to management function?
lols
Relationship of production function with other functional area of production management?
The production function in management needs the keen division of labor and monitoring of inputs. Production relates to other functions which include design, process management, storage and transportation.
In the game of economics workers are the players who function as both producers and?
In the game of Economics, workers are the players who function as both producers and _consumers_
Discuss the relationship between economics and management functions?
Economics and Management are ideal intellectual partners, each particularly fitted to strengthen and cross-fertilise the other. Economics provides the broader understanding of economic activity within which all organisations function; management in turn analyses the character and goals of that functioning. The management economics is often a subsection of the economic science and thus in broader sense a special form of the social, culture and Geisteswissenschaften. Like the economic science it is based in principle on the fact that most goods are limited and must by the participants be managed. It describes the economic functions of the enterprise within a national economy. In addition above all the optimal organization of the factors of production belongs apart from the company targets and the economical functions. In the broader sense also all households are enterprises.
What is a hidden production function?
In the field of economics, a production function is a calculation that explains the relationship between what it costs to produce goods and the actual quantity of goods you were able to produce. An example of a "hidden" production function would be money transfers at banks.
How does economics contributes to management function?
lols
A production function measures the relation between?
The production function is a unit of measurement used in economics. The function measures the relationship between the quantities of productive factors and the amount of product obtained.
Relationship of production function with other functional area of production management?
The production function in management needs the keen division of labor and monitoring of inputs. Production relates to other functions which include design, process management, storage and transportation.
In the game of economics workers are the players who function as both producers and?
In the game of Economics, workers are the players who function as both producers and _consumers_
Discuss the relationship between economics and management functions?
Economics and Management are ideal intellectual partners, each particularly fitted to strengthen and cross-fertilise the other. Economics provides the broader understanding of economic activity within which all organisations function; management in turn analyses the character and goals of that functioning. The management economics is often a subsection of the economic science and thus in broader sense a special form of the social, culture and Geisteswissenschaften. Like the economic science it is based in principle on the fact that most goods are limited and must by the participants be managed. It describes the economic functions of the enterprise within a national economy. In addition above all the optimal organization of the factors of production belongs apart from the company targets and the economical functions. In the broader sense also all households are enterprises.
What is a hidden production function?
In the field of economics, a production function is a calculation that explains the relationship between what it costs to produce goods and the actual quantity of goods you were able to produce. An example of a "hidden" production function would be money transfers at banks.
In the game of economics workers are the players who function as producers and?
In the game of Economics, workers are the players who function as both producers and _consumers_
What is the financial management function?
what is financial management function?
What is function financial management?
what is financial management function?
In the game of economics workers are the players function as both producers and?
In the game of Economics, workers are the players who function as both producers and _consumers_
3Explain the function of OS in memory management?
function of memory management
What is the Cobb-Douglas function?
In economics, the Cobb-Douglas production function is a particular functional form of the production function, widely used to represent the technological relationship between the amounts of two or more inputs, particularly physical capital and labor, and the amount of output that can be produced by those inputs.
