A review of Scope and nature of Managerial Economics

Authors

  • Darshna

Keywords:

Economy, Busines

Abstract

Economics impacts our day-to-day lives. Economics also influences the decisions taken by managers of business firms. Any business is part of an economy. As we know, economic conditions heavily impact business activities and vice versa. The per capita income of the citizens will define the purchasing power on the basis of which, the business enterprises will decide what products to manufacture and sell. A new enterprise has to forecast the demand for the product, which it wants to sell. The day to day product market has to decide a viable price depending upon the interaction between the demand and the supply. Thus, management practitioners and academicians brought economics to their perspective and developed ‘Managerial Economics’.

References

Chaitanya V., K. (2011). Rapid Economic Growth and Industrialization in India, China & Brazil: At What Cost? SSRN Electronic Journal, 897. https://doi.org/10.2139/ssrn.1087333

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Published

30-06-2013

How to Cite

Darshna. (2013). A review of Scope and nature of Managerial Economics. International Journal for Research Publication and Seminar, 4(1), 1. Retrieved from https://jrps.shodhsagar.com/index.php/j/article/view/16

Issue

Vol. 4 No. 1 (2013): Volume 4 | Issue 1 | Jan-Jun 2013

Section

Original Research Article

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