What is the differance between economics and manegerial economics?
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in my own words economics can be define as a social studies or a phenomenal studies that has to do with the production, distribution,marketing and consumption of goods and services. #(while) # managerial economics can be seen as the economical concepts or tools used to solve economical problems. I hope it works, but if it helps mark as brainliest. please!!! do as a favour for helping you.
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Economics deals mainly with the theoretical aspect only whereas Managerial Economics deals with the practical aspect. ... Managerial Economics studies the activities of an individual firm or unit. Its analysis of problems is micro in nature, whereas Economics analyzes problems both from micro and macro point of views.
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