Business economics explanation

1] Profit Earning
The main objective of any business is to earn a profit.
Just as a plant cannot survive without water, similarly a business cannot sustain without profit.
Profit is necessary for growing and expanding business activities.
What do you understand by business economics?
Business Economics is an application of microeconomics which focuses on the topics which are of much importance and interest.
The topics include the theories of demand, production and cost, profit-maximizing, the model of a firm, optimal prices of the advertising expenditures, government regulation etc..

Business Economics is an application of microeconomics which focuses on the topics which are of much importance and interest. The topics include the theories of demand, production and cost, profit-maximizing, the model of a firm, optimal prices of the advertising expenditures, government regulation etc.

What are the features of business economics?

Business Economics is microeconomic as it includes ,studying the economic conditions of a firm and its managerial problems.
It consists of the study of profit theories and analysis of demand-supply, cost-revenue, equilibrium, production, pricing, costing, marketing, sales, profit, capital management, business interest, etc.

What is the scope of business economics?

Business Economics covers most of the issues that a supervisor or institution faces.
Hence, the scope of enterprise economics is wide.
Since a company can face internal/operational as nicely as exterior and/or environmental issues, there are one-of-a-kind financial theories relevant to them.

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Business economics explanation

What do you understand by business economics?

What are the features of business economics?

What is the scope of business economics?