State the features of manager economic
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Characteristics of Managerial Economics:
It deals with goal determination, goal development and achievement of these goals. Future planning, policy making, decision making and optimal utilization of available resources, come under the banner of managerial economics. (iii) Managerial economics is pragmatic.
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1. Micro Economic Character
2. Choice and Allocation
3. Goal Oriented
4. Conceptual and Metrical
5. Pragmatic
6. Normative
7. Multi-disciplinary
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