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Importance or significance of Business Economics

Following are the importance or significance of business economics:

  • Helpful in organizing,
  • Helpful in planning,
  • Helpful in decision making,
  • Helpful in coordination,
  • Helpful in foreword plug,
  • Helpful in cost control,
  • Helpful in demand forecasting, 
  • Minimizing uncertainties,
  • Helpful in chalking out business policies,
  • Helpful understanding external environment.
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