Business economics meaning pdf

Business economics is a branch of applied economics that examines business enterprises and the factors that contribute to the diversity of organisational structures and businesses' connections with labour, capital, and product markets using economic theory and quantitative tools [1].

Business Economics, also called Managerial Economics, and is the application of economic theory and methodology to business. Managerial Economics was formerly known as "Business Economics." It is also called as "Applied Economics". The world Business Economics is formed from the two worlds Business and Economics.