Question

Explain the nature of business economics​

Answer 1

Answer:

Nature of Business Economics : ... Business economic seeks to establish rules which help business firms attain their goals, which indeed is also the essence of the word normative. However, if the firms are to establish valid decision rules, they must thoroughly understand their environment.

Answer 2

Answer:

Nature of Business Economics : ... Business economic seeks to establish rules which help business firms attain their goals, which indeed is also the essence of the word normative. However, if the firms are to establish valid decision rules, they must thoroughly understand their environment.

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