managerial economics
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Managerial economics is a special branch of economics that helps in rational managerial decisions. It is an integration of economic principles and business practices that facilitates managers to make decisions and make future plans.
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➤ Managerial economics deals with the application of the economic concepts, theories, tools, and methodologies to solve practical problems in a business. In other words, managerial economics is the combination of economics theory and managerial theory.
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