Managerial economics

Managerial economics is a branch of economics involving the application of economic methods in the managerial decision-making process. Managerial economics aims to provide a frame work for decision making which are directed to maximise the profits and outcomes of a company. Managerial economics focuses on increasing the efficiency of organisations by employing all possible business resources to increase output while decreasing unproductive activities. The two main purposes of managerial economics are:

Managerial economics

Managerial economics is a branch of economics involving the application of economic methods in the managerial decision-making process. Managerial economics aims to provide a frame work for decision making which are directed to maximise the profits and outcomes of a company. Managerial economics focuses on increasing the efficiency of organisations by employing all possible business resources to increase output while decreasing unproductive activities. The two main purposes of managerial economics are: