Let's look the scope of managerial economics, as we see earlier what is managerial economics i think you may get some idea regarding managerial economics now let's see the scope
1. IN FIRM
The main objective of any industry is to make profit, managerial economics plays key role to maximize the profit, by giving right ideas in decision making and objective wise
2.FORECASTING
It helps in give future prediction so that possible measures can be taken to improve economic condition and hence maximize the profit
3.PRODUCTION
It gives a idea about production and causes and measures take to for the fight production
4.MANAGEMENT
It has major role in management side to give analysis and measure to control and minimize risk,
1. IN FIRM
The main objective of any industry is to make profit, managerial economics plays key role to maximize the profit, by giving right ideas in decision making and objective wise
2.FORECASTING
It helps in give future prediction so that possible measures can be taken to improve economic condition and hence maximize the profit
3.PRODUCTION
It gives a idea about production and causes and measures take to for the fight production
4.MANAGEMENT
It has major role in management side to give analysis and measure to control and minimize risk,
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