Business Economics Note Module-1
Business Economics Note Module-1
First Module Contents:
Business Economics and its role in managerial decision making- meaning-scope-relevance-economic problems-scarcity Vs choice (2 Hrs)-Basic concepts in economics-scarcity, choice, resource allocation- Trade-off-opportunity cost-marginal analysis- marginal utility theory, Law of diminishing marginal utility -production possibility curve (2 Hrs)
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