How would difference between economics and managerial economics?
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the main difference between the branches of economics is that traditional economics is primitive and is used in underdeveloped and less technologically advanced economics,whereas managerial economics is a result of globalization & evolution of economics to include managerial decision making.
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Economics deals mainly with the theoretical aspect only whereas Managerial Economics deals with the practical aspect. ... Managerial Economics studies the activities of an individual firm or unit. Its analysis of problems is micro in nature, whereas Economics analyzes problems both from micro and macro point of views.
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