Answer to Question #305033 in Management for sanky

Question

Mr. Shyam have been appointed as a Business economics faculty in a reputed B School. Students are inquisitive to know how this subject would help them in decision making to any organization. Help Mr Shayam to highlight and elaborate on student’s query

Answer 1

The business economics term comprise of two things: “Business” and “Economics”. Economics cover the study of demand and supply and also it covers the concepts like scarcity that refers to limited supply of the goods or products that are required for production or supply. Business covers the practices over which business is run, the values observed in the organization and the methods used in its Its Half solved only