Managerial Economics
Economics is divided into two branches, namely: microeconomics and macroeconomics. Microeconomics deals with the economic problems of a single industry or organisation, while macroeconomics deals with the problems of an economy as a whole.
Similar to the economics definition, there are a number of controversial issues related to its nature of economics. Some economists consider economics as a science, or economics as a social science while others have a believe economics as an art.
Earlier, the scope of economics was limited to the utilisation of scarce resources to meet the needs and wants of people and society. Over the years, the scope of economics has been broadened to many areas.
Economics is the science that deals with production, exchange and consumption of various commodities in economic systems. It shows how scarce resources can be used to increase wealth and human welfare.
Download Managerial Economics Notes for MBA 2021. We provide the complete MBA 1st Sem managerial economics study material which includes managerial economics notes, managerial economics books, managerial economics syllabus for MBA, managerial economics reference books, managerial economics question paper, managerial economics questions and answers and available in managerial economics pdf form.
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