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Business
economics also called Managerial economics is a branch
of economics that applies microeconomic analysis to specific business
decisions. As such, it bridges economic theory and economics in
practice. It draws heavily from quantitative techniques such as
regression and correlation, Lagrangian calculus linear. If there
is a unifying theme that runs through most of managerial economics
it is the attempt to optimize business decisions given the firm's
objectives and given constraints imposed by scarcity. Almost any business decision can be analyzed with managerial economics techniques. |
The sense of "business"
refers to the state of being busy. In economics, Business is the
social science of managing people to organize and maintain collective
productivity toward accomplishing particular creative and productive
goals, usually to generate profit. And also exchange of goods and
services for profit motive |
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