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What is the relevance of microeconomics in economics analysis?

is the branch of economics that study the economic behaviour of small individual decision making unit in an economy.


Explain Managerial economics is economics applied in decision making?

Explain Managerial economics is economics applied in decision making?


What are the key words of microeconomics what is the universal economic problem?

Microeconomics is the branch of economics that study decision making by a single individual, household, firm, industry or level of government. Microeconomics applies a microscope to study specific part of an economics. The focus is on small economics units, such as economics decision of particular group of consumer and Businesses. Microeconomics is the branch of economics that study decision making by a single individual, household, firm, industry or level of government. Microeconomics applies a microscope to study specific part of an economics. The focus is on small economics units, such as economics decision of particular group of consumer and Businesses.


What is the economic behavior?

Behavioral Economics is the study of psychology as it relates to the economic decision-making processes of individuals and institutions.


What has the author Richard H Thaler written?

Richard H. Thaler has written: 'Quasi rational economics' -- subject(s): Economics 'Nudge' -- subject(s): Business, Choice (Psychology), Consumer behavior, Decision making, Economic aspects, Economic aspects of Choice (Psychology), Economics, Nonfiction, OverDrive, Psychological aspects, Psychological aspects of Decision making, Psychological aspects of Economics, autonomy, decisions, interactions, psychology 'Nudge' -- subject(s): Consumer behavior, Psychological aspects, Economic aspects, Economics, Choice (Psychology), Decision making


Significance of managerial economics in decision making?

significance of managerial economics is decesion making


What has the author G P Marshall written?

G. P. Marshall has written: 'Economics of managerial decision-making' -- subject(s): Decision making, Decision-making, Managerial economics


What does 'macroeconomics' mean?

Macroeconomic is a branch of economic dealing with the performance structure behavior and decision making of whole economy


What is Macroeconomic?

Macroeconomic deals with the functioning of the economy as the whole. It is concerned with economy wide issues such as unemployment, inflation, and economics growth/development; it is the study of economics from a broad perspective of the resources and factors of production in an economy.


Role of managerial economic in decision making?

The role of managerial economics in decision making is to help in the analysis of economic trends which will be used in making critical decision. This will focus on past, present and future economic patterns.


How managerial economics is related to the decision making?

In managerial economics, managers in depth analyze all the economic situation of the country. After the in depth analysis they take the decisions. In this way economics is integrated with decision making.


Why is micro economics used in business decision making?

economics relevance to business organisation