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explain the sailent features function of economist and significance of managerial economics


bibin varghese 17th Jan, 2022
Answer (1)
Ayush Maurya 17th Jan, 2022

Hello there

ECONOMICS-

  • It deals with the body and characteristics of the principles.
  • It is based upon some assumptions.
  • In the economics the theories of distribution are studied differently.
  • You will be getting both positive and normative sides in the economics.

MANAGERIAL ECONOMICS-

  • It deals mainly with the applications of principles.
  • Here you will do the study of theory of project only.
  • This is mainly normative science. basi

These are the basic differences which I told you.

I hope it helps you!

Thank you!

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