What are the applications of economics used in business decisions?
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Heya....
These applications of economics used in business decisions...
*** Scare resources management...
Economics tells us that how to allocate scare resources so in case of scarcity of raw materials producer can use this application...
* Demand and supply forecasting....
Economist analysis somewhat future demands and supplies so that producer can use it....
These applications of economics used in business decisions...
*** Scare resources management...
Economics tells us that how to allocate scare resources so in case of scarcity of raw materials producer can use this application...
* Demand and supply forecasting....
Economist analysis somewhat future demands and supplies so that producer can use it....
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