Economy, asked by Skysweetwini9025, 4 hours ago

Which is the characteristics of managerial economic?

Answers

Answered by Shreyap18323

1

Answer:

Future planning, policy-making, decision-making and optimal utilization of available resources, come under the banner of managerial economics. Managerial economics is pragmatic. In pure micro-economic theory, analysis is performed, based on certain exceptions, which are far from reality.

Answered by rsnbhhjk

0

Answer:

Featured snippet from the web

Characteristics of Managerial Economics

Microeconomics. It studies the problems and principles of an individual business firm or an individual industry. ...

Normative economics. ...

Pragmatic. ...

Uses theory of firm. ...

Takes the help of macroeconomics. ...

Aims at helping the management. ...

A scientific art. ...

Prescriptive rather than descriptive.

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