Written primarily for students taking courses in business economics in India. The Business Economics analysis the growth and development of privately owned firms and also the decisions made by firms operating in both private and public sector enterprises.
The book is concerned with how economics is and should be used in business. It stresses that the value of economics lies in being able to provide us with a better understanding of social and commercial issues rather than help us forecast economic trends. Similarly it provides a direction for the development of management science as a means of understanding the behaviour of firms.
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