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What is Business Economics

It is that branch of knowledge in which theories of economics analysis are used for solving business management problem and determination of business policies.

Characteristics of business Economics as follows: 

  • Micro economic in nature  
  • Theory of firm or economics of firm
  • Importance of macroeconomics too
  • Pragmatic & applied approach
  • Perspective nature              
  • Decision making at managerial level
  • Coordinating nature                        
  • Both science and arts
  • More refined subject
  • Facilitate plug.

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