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In this post you will study scope of managerial economics. Study and make the proper notes grabbing full understanding of this topic. SCOPE OF MANAGERIAL ECONOMICS Scope of a discipline refers to the various concepts, laws and theories which are studied in that subject. The scope of managerial economics includes various concepts, laws, theories and…
CHARACTERISTICS OF MANAGERIAL ECONOMICS Managerial Economics refers to that branch of economics which is related with the application of various laws, theories and methods of economics to the business decision-making by the business manager. The following are the Characteristics of Managerial Economics: CHARACTERISTICS OF MANAGERIAL ECONOMICS MICRO IN NATURE Managerial Economics is mainly micro in…
