Social Sciences, asked by precioustheras4569, 1 year ago

Definition of nature and scope of managerial economics

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Answered by allyayush

2

Scope and Nature ofManagerial Economics. 1.1 - DefiningManagerial Economics. Refers to the use of economic theory (micro and macro) and the tools of analysis of decision science (mathematicaleconomics and econometrics) to examine how an organization can achieve its aims and objectives most efficiently.

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