How Does Economic Theory Contribute To Managerial Decisions? In the thriving corporate world, decision-making plays a critical role in getting ahead on the corporate ladder. Managers must make correct decisions in the allocation and availability of scarce resources. Resources are very limited, and the managers need to fully know the organization's wants and needs and allocate … [Read more...] about How Does Economic Theory Contribute To Managerial Decisions?
What are the types of managerial economics? Introduction Businesses must make critical judgments daily. These decisions could be about an investment, a new product, a new competition, or a company's strategy. Businesses must rely on professionals when making such critical judgments. These experts have a managerial economics background. Rather than being a part of the … [Read more...] about What are the types of managerial economics?
Micro Credit in Bangladesh. Micro credit is a small size of loans that are given to the poor for self-employment. Today Bangladesh is called the land of micro credit revolution. The poverty of the world can be rooted out through an effective micro credit program that was originated in a poor country like Bangladesh. Micro Credit in Bangladesh Conceptually, microcredit can … [Read more...] about Micro Credit in Bangladesh
What are the different types of Demand? Demand can be distinguished from need and desire. A beggar may desire to have a car, a poor may need a modem house, but such needs and desires do not constitute any demand. What are the different types of Demand? To be a demand following conditions should be fulfilled. A desire to buy anything,Having the … [Read more...] about What are the different types of Demand?
Difference between Micro and Macro Economics. Economics: Economics is divided into two categories one is macroeconomics and another is microeconomics. Macroeconomics studies aggregate output, employment, and the general price level. Microeconomics studies the economic behavior of individual decision-makers like resource owners, consumers, and business … [Read more...] about Difference between Micro and Macro Economics