:
Managerial Economics and Business Economics are the two terms which, at times, have been used interchangeably. The term managerial Economics has become more popular and seems to displace progressively the term Business Economics..
Decision Making and Forward Planning:
Decision Making the process of selecting one action from two or more alternative Course of action.
Forward Planning means establishing plans for the future.
Scope of Managerial Economics
Scope of Managerial Economics
1).Demand Analysis and Forecasting
2). Cost and Production Analysis
2). Cost and Production Analysis
4). Profit management
5). Capital Management
