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1. Allocation of Resources
2.Opportunity Cost Analysis
3.Marginal Cost Analysis
4.Setting Business Objectives
5.Time Dimensions of Decisions and Objectives
6.Economic Efficiency
7.Distribution of Resources, Risk and Uncertainity
8.Externalities: Interest of Society in General
9.Discounting i.e Cost Benefit Analysis
10. Property Rights: Ownership Rights and Privileges.
Thanks for the invitation.
I agree with Mr. Krishna and Mr. Jetley.
what is the difference between Capital and Capialization
Business economics is the buying and selling of products from an economical view, dealing with the making, the distribution, and the usage of the product.
Agreed to you sir..........
Nothing to add as you and others have said good and enough.
Business Economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets. A professional focus of the journal Business Economics has been expressed as providing "practical information for people who apply economics in their jobs."
Mr. Krishna, once again you explained it well.
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