Talk:Managerial economics

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i have a question that i help answering can you assist me. importance of me —Preceding unsigned comment added by 121.246.165.141 (talk) 08:29, 10 October 2008 (UTC)[reply]

Econfertig (talk) 00:07, 26 September 2020 (UTC)This page requires a lot of amendments as it is lacking verifiable content on the subject and requires a broader coverage of the subject.[reply]

I agree with the class and importance of this article. Daystopia (talk) 06:46, 11 October 2020 (UTC)[reply]

Managerial economics is a branch of economics involving the application of economic methods in the managerial decision-making process and the integration of economic theory with business practice for the purpose of facilitating decision making and forward planning by the management.[1] Managerial economics aims to provide a framework for decision making which are directed to maximise the profits and outcomes of a company. [2] Managerial economics focuses on increasing the efficiency of organizations by employing all possible business resources to increase output while decreasing unproductive activities.[2] Managerial economics encompasses those theories of economics that help businesses in taking rational decisions by analyzing the practical problems. Managerial economics is also called applied economics because it helps to apply economics to the environment of business decision-making. While taking decisions regarding the future there is a level of uncertainty involved. A business manager has to be careful and ensure that he/she follows the best possible plan in order to achieve the desired organizational goal which is to maximize the profits.[3] 49.204.194.67 (talk) 16:45, 11 April 2022 (UTC)[reply]

Harvard 102.145.148.19 (talk) 22:23, 18 September 2022 (UTC)[reply]

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