Concept Of Opportunity Cost
In micro economic theory, the opportunity cost, also known as alternative cost, is the value of the choice of a best alternative cost while making a decision. A choice… Read More »Concept Of Opportunity Cost
Managerial Economics
Scope & Nature Of Managerial Economics
Nature of business Economics: 1. Micro in nature: It is micro in nature. This is because economics is the study mainly at the level of the… Read More »Scope & Nature Of Managerial Economics
Define Managerial Economics & Business Decision
Business Economics: Business Economics is also known as Managerial Economics is nothing but the application of economic theories to business problems. Economic concepts,methods of analysis… Read More »Define Managerial Economics & Business Decision
The Role of a Managerial Economist
Role of Managerial Economist: Managerial Economist plays a vital role in the decision-making process of an organization. He/she is responsible for assisting the top management… Read More »The Role of a Managerial Economist
Definition of ECONOMICS?
Definition of Economics: They are different definition of economics. 1. Wealth Definition, 2. Welfare definition, 3. Scarcity definition, 4. Growth definition. 1. Wealth Definition: The… Read More »Definition of ECONOMICS?
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