Haynes, Mote and Paul | Managerial Economics : Best Meaning, Definition

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Managerial Economics 

“Managerial Economics is economics applied in decision making. It is a special branch of economics bridging the gap between abstract theory and managerial practice.” – 


Management economics can be defined as the study of economic theories, logic, and course that are commonly applied in search of solutions to real business problems. Thus, Managerial economics includes a section of economic knowledge or economic theories used as a tool for analyzing business problems to make sound business decisions. Management economics is often referred to as business economics or business economics.

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