Fundamentals of economics and management pdf
Managerial Economics - Fundamental and Advanced ConceptsManagerial Economics can be defined as amalgamation of economic theory with business practices so as to ease decision-making and future planning by management. It makes use of economic theory and concepts. It helps in formulating logical managerial decisions. The key of Managerial Economics is the micro-economic theory of the firm. It lessens the gap between economics in theory and economics in practice. Managerial Economics is a science dealing with effective use of scarce resources.
4 I FUNDAMENTALS OF ECONOMICS AND MANAGEMENT. Indian Contract Act , (f). Equilibrium. (g) Theory of Production (meaning, factors, laws of.
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