Question

what is the meaning of economic business?? ​

Answer 1

Answer:

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Business Economics, also called Managerial Economics, is the application of economic theory and methodology to business. Business involves decision-making. Decision making means the process of selecting one out of two or more alternative courses of action. ... Business economic meets these needs of the business firm.

Answer 2

1. Business economics is a field of applied economics that studies the financial, organizational, market-related, and environmental issues faced by corporations.

1. Business economics encompasses subjects such as the concept of scarcity, product factors, distribution, and consumption.