Managerial economics is closely related with economy of society, the actual meaning is related with certain theories. It's the science that deals with management of business and co related problems.
It uses application of certain theories
Or we can say it is integration of theory related to economics and practical business.
THE MAIN FEATURES OF MANAGERIAL ECONOMICS
It is so reliable and realistic, which perform real problems
It have great role in decision making
It also give importance to non economic factors such as environmental factors
It uses application of certain theories
Or we can say it is integration of theory related to economics and practical business.
THE MAIN FEATURES OF MANAGERIAL ECONOMICS
It is so reliable and realistic, which perform real problems
It have great role in decision making
It also give importance to non economic factors such as environmental factors
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