Tag: businesseconomics

Production and production function with its Types

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Singhvi Online - Production function economics

MEANING OF PRODUCTION;  What do you understand by production in common parlance? Well, the simple answer would be the term production is an activity of making something material.  The following are the few examples of production: Growing of wheat, rice or any other agricultural crop by farmers.Manufacturing of cement, radio sets, wool machinery or any […]

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Nature & Scope of Business Economics

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Singhvi Online

Now having understood micro and macroeconomics, let us understand the nature of business economics: The following points will describe the nature of business economics: .   Business  economics is a science ·   Based on microanalysis ·   Incorporates elements of macro analysis ·   Business economics is also an art ·   Use of theory […]

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