Economics are important because understanding them helps managers make decisions. The more managers understand economics, the better they will be at pricing products and offering salaries to their employees.
1. Business economics is a branch of economics which applies microeconomics analysis tro decision methods of business or other management units where as economics is the science which studies how the scarce resources are employed for the satisfaction of needs of men living in the society. 2. Business economics is micro in nature whereas economics is macro in nature.
Economic geography studies economics with respect to geography.
Importance of elasticity in economics
five importance of labour economics
importance of statistics in field of economics
economics, business studies and legal studies
Accounting,Economics,Business studies etc
1. Business economics is a branch of economics which applies microeconomics analysis tro decision methods of business or other management units where as economics is the science which studies how the scarce resources are employed for the satisfaction of needs of men living in the society. 2. Business economics is micro in nature whereas economics is macro in nature.
This is about as stupid a question as asking "What is the importance of electricity to a light bulb". Or "What is the importance of numbers and markings on a ruler?"
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Accounts Ledger, Economics, Business Case Studies, Computers and Printers, Statistics
Economic geography studies economics with respect to geography.
Importance of elasticity in economics
five importance of labour economics
Michael Barrow has written: 'Statistics for economics, accounting and business studies' -- subject(s): Commercial statistics, Economics, Statistical methods
critically examine the role of businesss economy and insurance
importance of statistics in field of economics