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Managerial Economics | Unit 2 Revision | Important concepts & Questions



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Managerial economics is a branch of economics involving the application of economic methods in the managerial decision-making process. Managerial Economics is the integration of economic theory with business practice for the purpose of facilitating Decision making and forward planning by the Management. Managerial economics aims to provide a framework for decision-making which is directed to maximize the profits and outcomes of a company. Managerial economics focuses on increasing the efficiency of organizations by employing all possible business resources to increase output while decreasing unproductive activities.

Previous UNIT 1 Revision Video: https://youtu.be/RvkJX-oRdLY

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