Question

itemize the difference between business economics, managerial economics and financial economics

Answer 1

Business Economics, also called Managerial Economics, is the application of economic theory and methodology to business. Business involves decision-making. Decision making means the process of selecting one out of two or more alternative courses of action.

Answer 2

Explanation:

Managerial Economics deals with application of economic theory through statistical methods to applied areas. Thus business economics is an wider area where managerial economics is put to use for achieving certain end results.