Business Studies, asked by ansarskhan4524, 10 months ago

Characteristics of managerial economics author guptha

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Answered by Bosswriter97

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Managerial economics has been a subject of interest to many scholars. According to Guptha, managerial economics

Makes use of business practice and economic theory.
It upholds a normative nature. However, the traditional one is more descriptive. It does not care about the factors of business that are bad or good.
It makes less use of the distribution theory and more of price theory
It makes use of the microeconomics principle

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