Business economics aryamala pdf

Business Economics Book for B COM 1st Year
According to Mc Nair and Meriam, “Business economic consists of the use of economic modes of thought to analyse business situations.” Siegel man has defined managerial economic (or business economic) as. “the integration of economic theory with business practice for the purpose of..
Business Economics Book for B COM 1st Year
Business Economics seeks to investigate and analyze how and why a business behaves.
It looks at the implications of action, policies of the firm in which they operate and the economy as a whole..
Why is business economics pragmatic?
Pragmatic in Approach
Microeconomics is purely theoretical and analyzes economic occurrences under unrealistic assumptions.
On the other hand, Business Economics is pragmatic in its approach.
It tries to solve the problems which the firms face in the real world..

Business Economics Book for B COM 1st Year