business, daily life, economy, product market, viable price
1 article · search the full text for this term
-
Analyzing Impact of Managerial Economics
Abstract: Economics impacts our day-to-day lives. Economics influences the decisions taken by the managers of business firms or organizations. Any business is a part of an economy. Economic conditions heavily affect the business activities and vice-versa. The per capita income of the citizens will define their purchasing power on the basis of which, the business enterprises will decide what products to be manufactured and sell. A new enterprise has to forecast …
Published in NOLEGEIN Journal of Performance Management & Retention Strategies · Vol. 3, Issue 1, 2020 · pp. 18–22 Read article