answersLogoWhite

0

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.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What are the subjects in hsc commerce?

economics, business studies and legal studies


What are commercial subjects at school?

Accounting,Economics,Business studies etc


Difference between economics and business economics?

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.


What is the importance of statistics in the field of business economics?

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?"


I live in Islamabad Pakistan so where can I get O'level past papers for Economics and Business Studies?

k


What does an accountant use?

Accounts Ledger, Economics, Business Case Studies, Computers and Printers, Statistics


What does economics geographic studies?

Economic geography studies economics with respect to geography.


What are importance of elasticity of demand in economics?

Importance of elasticity in economics


What is the Importance of labour economics?

five importance of labour economics


What has the author Michael Barrow written?

Michael Barrow has written: 'Statistics for economics, accounting and business studies' -- subject(s): Commercial statistics, Economics, Statistical methods


Economics is important in business studies critically examine this statement?

critically examine the role of businesss economy and insurance


What is the importance of statistics in the field of economics?

importance of statistics in field of economics