How Managerial Economics helps in decision making in India?

Cheggindia6018 Oct, 2022Education

The concept combines the challenges management faces every day in one way or another. It includes a wide range of economic analyses such as demand, supply, cost, production, market, and price, that all play a crucial role in any real decision-making process.As many economists noted, how a firm is managed determines its success and failure, and thus this discipline has developed. A manager invokes a sense of leadership and guides his team throughout the project. In addition to knowledge of the economic aspects of the project, it is important for a firm to succeed in this regard.Become an expert in your topic, answer questions from anywhere, anytime, and earn money sitting at home.