Monthly Archive: July 2024
Nature of Managerial Economics Managerial economics is closely related to business firms. It solves problems which are often faced by business firms. The objective of managerial economics is described as the application of economic...
Role of managerial economics in decision making or importance of managerial economics Today business and society are going through a phase of economic and industrial revolution. Its first component is globalization of markets. Globalization...
Definition and Scope of Management Economics Managerial economics is viewed as a branch of economics which is applied to the problem of choice. It is the study of the distribution of resources available to...