How a society produces thing to meet their needs from available resources and how society allocate those resources among members of society based upon the contribution made and other factors. Clearer question: better answer.
Ronald Reagan believed in the principle of trickle down economics.
what is the importance of managerial economics principles in the modern organization?
tang ina niya !
Ronald Reagan
Ronald Ragen
Ronald Reagan believed in the principle of trickle down economics.
what is the importance of managerial economics principles in the modern organization?
tang ina niya !
Ronald Ragen
Ronald Reagan
Ronald ReaganRonald Regan
The marginal principle will tell us that a firm will maximize it's profits by choosing a quantity at which, price=marginal costs.
What principle was Wilson asserting by calling for the creation of the countries of Rumania, Serbia, Montenegro, and Poland?
Economics is considered an empirical science because it is a science based on observations of experiences.It has to do with people. People change. So that makes economics an empirical study. It's not like maths (1+1= 2 principle doesn't make sense in economics).
Economics is considered an empirical science because it is a science based on observations of experiences.It has to do with people. People change. So that makes economics an empirical study. It's not like maths (1+1= 2 principle doesn't make sense in economics).
Difference between economics & managerial economics 1) Managerial Economics is micro in character Pure Economics is both micro and macro in character 2) Managerial Economics study only practical application of the Economic principle to the problem of firm Pure Economics deals with the study of principles itself 3) Managerial Economics deals with the Economic problems of the firm while Pure Economics deals with Economic problems of both firm and individuals 4) Managerial Economics deals with profit theory only Pure Economics deals with all distribution theories like rent, wages, interests, and profits.
A doctrine is any principle of thought taught to others for belief and adherence to, especially in matters of religion, morality, politics, and economics.