Business economics definition in telugu

It is assumed that (i) all production take place in the business sector, (ii) all factor of production are owned by the households (iii) all factors are fully employed, (iv) all income is spent.
The economic activity in the system takes the form of two flows between consumer sector and the business sector:

Manaiterial Economies:

1.
Business economic is concerned with those aspects of traditional economics which are relevant for business decision making in real life.
These are adapted or modified with a view to enable the manager take better decisions.
Thus, business economic accomplishes the objective of building a suitable tool kit from traditional economics. 2.

We can therefore, conclude that the subject matter of business economic consists of applying economic principles and concepts to dea1 with various uncertainties faced by a business firm. 1.
Business economic is concerned with those aspects of traditional economics which are relevant for business decision making in real life.