Managerial Economics

Managerial economics is used synonymously with business economics, as it is a branch of economics that deals with the application of microeconomic analysis to the decision-making techniques of businesses and management units. It acts as the media between economic theory and pragmatic economics. Managerial economics can be considered as the bridging gap between "theory and practice." Managerial economics helps in studying the application of the tools, theories, principles, techniques, concepts, and the methodologies of economics to managerial problems of business and industrial enterprises.

 

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