--%>

Difference between economics and managerial Economic

What is the difference between economics and managerial Economic?

E

Expert

Verified

Economics Vs Managerial economics.

1. Economics is dealing with both micro and macro aspects whereas managerial economics is dealing only with micro aspects.
2. Economics is both positive and normative science whereas managerial economics is only a normative science.
3. Economics is dealing with theoretical aspects whereas managerial economics is dealing with practical aspects.
4. Economics is study of both the firm and individual whereas managerial economics Studies the problems of firm only.
5. Economics wide scope whereas managerial economics have narrow scope.

   Related Questions in Managerial Economics

  • Q : Determine what would contain in

    Please help me to solve the problem of economic that is given below: Economic capital would comprise: (w) corporate bonds. (x) money. (y) machinery. (z) sports cars. Can someone

  • Q : Values of marginal products of the

    Competitive product as well as resource markets yields resource prices and incomes to resource owners that are proportional to the: (1) relative prices of the goods produced. (2) values of marginal products of the resources. (3) distr

  • Q : Example of an investment in human

    A government-supported literacy program provided from a firm which primarily employs unskilled labor is an illustration of an investment in: (1) human capital depreciation. (2) business paternalism. (3) specific training. (4) laissez-faire economics.

  • Q : Explain the steps for demand estimation

    Explain the steps for demand estimation.

  • Q : Illustrate signalling by example If

    If interviewing for a job like a bill collector for a loan shark, Bob mentions his degree into martial arts by the Hard Knox Reformatory, his summer internship along with BreakUrLegs, Inc., as well as his family links. Bob’s casual discussion of such credentials

  • Q : What are the main features of

    What are the main features of managerial economics?

  • Q : Illustrates the important leading

    Illustrates the important leading indices?

  • Q : Income effect of a wage increasing When

    When the income effect of a wage increase is more powerful in that case the substitution effect, the: (1) labor supply curve will be “backward bending.” (2) unemployment rate will rise since more people will be available for work. (3) valu

  • Q : Highest income of supply of labor This

    This worker’s weekly income in this demonstrated figure would be the highest at: (w) point a. (x) point b. (y) point c. (z) point d. How can I solve my Economics problem? Please suggest me the correct answer.

  • Q : Least wage elastic demand for labor For

    For labor Plastibristle’s demand for labor is least wage elastic at: (i) point a. (ii) point b. (iii) point c. (iv) point d.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1441637 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1946208
    Asked

    3,689

    Active Tutors

    1441637

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.