Question

What are the limitations of managerial economics

Answer 1

Economics The earlier term for economics was Political economy; it is adopted from the French mercantilist usage of economic Politique. This word was extending to the ancient Greek word economy for hose hold management to the national relation as Public administration of the affairs of the state. Economics is the Regular usage concepts to utilizing day to day required activates to full fill availability of resources, for utilizing this resources different aspects based on requirement and scarcity of resources