Economy, asked by acchu8102, 11 months ago

What is Business Economics? Explain in detail the scope of Business Economics.

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Answered by Anonymous

Business Economics, also calledManagerial Economics, is the application of economic theory and methodology to business. Businessinvolves decision-making. ... It would he in the interest of the business to reach an optimal decision- the one that promotes the goal of the businessfirm.

Answered by dishdhauma

Business Economics, also called Managerial Economics, is the application of economic theory and methodology to business. Business involves decision-making. ... It would he in the interest of the business to reach an optimal decision- the one that promotes the goal of the business firm......

Since business economics is thought of as applied microeconomics, the scope of business economics includes: ... Long-run planning decisions of a firm that studies capital budgeting and capital management. Managerial economics now includes 'operations research'—a mathematical technique to solve business problems......

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