Managerial Economics

it is the study of human activity both individual and national level.

He is the Father of Economics; defined economics as the study of nature and uses of national wealth.

When is economics defined?

writes "economics" is a study of man's actions in the ordinary business life

he defined economics as the science, which studies human behavior as a relationship between ends and scarce

the study of an individual consumer or a firm

means 'one millionth'

the study of aggregate or total level of economic activity in a country

refers to the firm's decision-making process.

- a person who directs resources to

achieve a stated goal.