Uses of Business Economics?
Uses of Business Economics?
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Ayush
By studying various economic variables, such as cost production and business capital, organisations can predict the future. Business economics helps in establishing relationships between different economic factors, such as income, profits, losses, and market structure.
Abhinav.arjun47
BUSINESS ECONOMICS It deals with the decision making and forward planning in uncertainty and integrates economic theory with business practice for the purpose of facilitating decision-making and forward planning by management. … So, Business Economics uses the macro- economic phenomenon for taking business decisions.