It is that branch of knowledge in which theories of economics analysis are used for solving business management problem and determination of business policies.

Characteristics of business Economics as follows: 

  • Micro economic in nature  
  • Theory of firm or economics of firm
  • Importance of macroeconomics too
  • Pragmatic & applied approach
  • Perspective nature              
  • Decision making at managerial level
  • Coordinating nature                        
  • Both science and arts
  • More refined subject
  • Facilitate plug.

business economics

May 04, 2017