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Both!
The ideas and concepts behind managerial economics all have a scientific basis. Some managerial decisions made using managerial economics can employ scientific explanations.
On the other hand, many managerial decisions made using the concepts of managerial economics are very subjective. One must, for example estimate the intentions of competitor firms. While some of this is scientific, some of it is luck and some of it is an art.
What else can I help you with?
Scopes of managerial economics?
scope of managerial economics
Nature of managerial economics?
nature of managerial economics?
Explain Managerial economics is economics applied in decision making?
Explain Managerial economics is economics applied in decision making?
Significance of managerial economics in decision making?
significance of managerial economics is decesion making
What is objective of managerial economics?
responsibilities of managerial eeconomic
Is economics a science an art or social science explain?
Economics is a social science because it is a field of study dealing with society and human behavior.
Scopes of managerial economics?
scope of managerial economics
Nature of managerial economics?
nature of managerial economics?
Explain Managerial economics is economics applied in decision making?
Explain Managerial economics is economics applied in decision making?
What is the role of Managerial economics in the economy of Pakistan?
what is the role of managerial economics in Pakistan
Significance of managerial economics in decision making?
significance of managerial economics is decesion making
What is objective of managerial economics?
responsibilities of managerial eeconomic
What is the importance of managerial economics principle in modern organization?
what is the importance of managerial economics principles in the modern organization?
Scope methods of economics?
about scope of managerial economics?
What is the Difference between economics and manegrial economics?
difference between economics and managerial economics
What has the author Lawrence Southwick written?
Lawrence Southwick has written: 'Managerial economics' -- subject(s): Managerial economics
Who is Indian father managerial economics?
indian father ..i dnt know. but Joel Dean is considered to be the father of Managerial economics.
