What is the relationship of businesses and economics called?
Answers
Answered by
0
Businesses provide goods and services that drive economic output. While business deals with selling product or services to a consumer,economics deals with supply and demand of all products in the country. They are related since performance ofbusiness in general affect economy at large.
Answered by
3
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.
Similar questions