What do you understand by Managerial Economics?
Managerial economics is a subject of intelligence; it comes under the bigger subject of Economics. This type of economic study is about issues based on logic and policies. It has a lot of different tools and ways that will help in creating the managerial policy. It is used in the analysis of the economics that has an effect on businesses. A manager does decision-making and plans for an increase in profit. It is the controlling and planning of any organization. It is important in the decision-making of any new or old business.
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