Economy, asked by radhikaporwal060, 16 days ago

difference between managerial and business economics

Answers

Answered by ipushkarbiring06

Answer:

Managerial economics is the field of economics that deals with the economic concepts and analysis of problems that are required to formulate rational managerial decisions. It is a branch of economics that applies microeconomic analysis for decision making and other management units.

Business economics is a field in applied economics in which quantitative methods and economic theory to analyze business enterprises. The factors that contribute to the diversity of the organizational structures and relationship of the firm with capital, labor, and product markets are analyzed.

Answered by lalitmandrai

Business economics is a field in applied economics in which quantitative methods and economic theory to analyze business enterprises.

Managerial economics is the field of economics that deals with the economic concepts and analysis of problems that are required to formulate rational managerial decisions.

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