Preface to Managerial
Economics
If you’ve been wondering
about the techniques that are implemented to resolve practical economic
problems, it is called Managerial Economics. The
term, Managerial Economics is the application of various economic concepts,
theories and methodologies that are applied to fix any logical economic
problem. Since it bridges a fine line between economics theory and manager
theory, it is even called business economics.
Managerial Economics holds
the utmost significance in the business sector as it helps in the manager’s
decision-making and acts as the link between practice and theory. Online
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