Business economics handwritten notes

What are the methods of business economics?
There are two prominent types of methods of economic study or analysis: A) Deductive Method B) Inductive Method..
What is business economics notes?
Business economics is a field of applied economics that studies the financial, organizational, market-related, and environmental issues faced by corporations.
Business economics encompasses subjects such as the concept of scarcity, product factors, distribution, and consumption..
Why is business economics important in short notes?
Studying the scope of business economics is important as it enables business owners to comprehend how the economy operates and how it affects their operations.
Business economists make decisions on capital investments, pricing tactics, and profit margins based on their understanding of economic theory..
Business Economics covers most of the problems that a manager or establishment faces.
Hence, the scope of business economics is wide.
Since a firm can face internal/operational as well as external and/or environmental issues, there are different economic theories applicable to them.

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What are the methods of business economics?