Economics

Difference between Traditional and Managerial Economics

The primary difference between Traditional Economics and Managerial Economics; First, the Traditional economy is an original economic system in which…

6 years ago

Managerial Economics: Nature, Scope, and Principles

Managerial Economics can define as the amalgamation of economic theory with business practices to ease decision-making and future planning by…

6 years ago

What is the Inductive Method of Economics?

Learned, What is the Inductive Method of Economics? Steps, Merits, and Demerits! The Inductive Method: Induction “is the process of…

7 years ago

What is the Deductive Method of Economics?

Learned, What is the Deductive Method of Economics? Steps, Merits, and Demerits! The Deductive Method: Deduction Means reasoning or inference…

7 years ago

What are the Methods of Economics?

Learned, What are the Methods of Economics? Explaining here! Definition of Economics: The social science concerned with the efficient use…

7 years ago

Explain are Economics is a Science and Art?

Learn, What is Economics? As a Science and Art! What is Science? Science is a systematized body of knowledge ascertainable…

7 years ago

Explain are What is Economics? Meaning and Definition with Criticisms!

Learn, What is Economics? Meaning and Definition, with Few different Author and their Criticisms! Economics is the social science that studies…

7 years ago

What is the Economics of Development? Meaning and Definition

Economics of Development (ED): Economic development is the process by which a nation improves the economic, political, and social well-being…

7 years ago

How to explain the Nature of Business Economics?

Nature of Business Economics; A Traditional economic theory has developed along two lines; viz., normative, and positive. Normative focuses on…

7 years ago

What is Demand? Meaning and Definition!

Demand is an economic principle that describes a consumer's desire and also willingness to pay a price for a specific…

7 years ago