relationships between business and economic
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Business and economics go side by side, wherein, businesses offer products and services that generate economic output, for example, businesses sell goods and services to consumers, whereas, economics determine the supply and demand of such products in a particular economy.
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Economics focuses primarily with the theoretical aspect whereas Business Economics devotes with the practical aspect. ...
The Economics has both micro and macro aspects within its purview. Business Economics is essentially normative in nature. But, the Economics is concerned with both positive and normative economics.
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