English, asked by ssrishti484, 6 months ago

characteristics of managerial economics

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Answered by llJahangirll

1

Answer:

Characteristics of Managerial Economics

Microeconomics. It studies the problems and principles of an individual business firm or an individual industry. ...
Normative economics. ...
Pragmatic. ...
Uses theory of firm. ...
Takes the help of macroeconomics. ...
Aims at helping the management. ...
A scientific art. ...
Prescriptive rather than descriptive.

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