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Managerial economic is prescriptive rather than descriptive in nature?
Wiki User
∙ 9y ago
This statement is 100% true. You will learn a lot of about this in a lot of business books.
Wiki User
∙ 9y ago
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Characteristics of managerial Managerial 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
Nature of managerial economics?
nature of managerial economics?
What is the nature of the economics?
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.
What are the nature of Economic development?
nature of economic development
What is the nature of economic system of a company?
What is nature of economic system?
Characteristics of managerial Managerial 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
Nature of managerial economics?
nature of managerial economics?
What is the nature of the economics?
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.
What are the nature of Economic development?
nature of economic development
What would be a subgenre of descriptive nonfiction?
nature writing
Type of data that is descriptive in nature is?
Qualitative data
What is the nature of economic system of a company?
What is nature of economic system?
What is a subgenre of descriptive non-fiction?
nature writingnature writing
What are the characteristics of managerial 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
Can you list descriptive words to describe nature beginning with the letter 'r'?
· resplendent
What are the similarities between integral and managerial view on the nature of public administration?
they both serve the public
What is the definition of nature essay?
This essay presents the world of nature and its properties. Sometimes it appears as descriptive because of the manner of presentation of ideas.
