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