Economics Vs Managerial economics.
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Economics
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Managerial
Economics
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1.
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Dealing only
micro aspects
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1.
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Dealing both micro and macro
aspects
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2.
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Only a normative science.
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2.
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Both positive and normative
science.
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3.
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Deals with practical aspects.
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3.
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Deals with theoretical aspects
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4.
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Study the problems of firm
only.
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4.
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Study both the firm and
individual.
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5.
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Narrow scope.
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5.
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Wide scope
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