Thursday, February 20, 2014

Economics Vs Managerial economics.

Economics Vs Managerial economics.


Economics

Managerial Economics


1.
Dealing only micro aspects
1.
Dealing both micro and macro aspects




2.
Only a normative science.
2.
Both positive and normative science.




3.
Deals with practical aspects.
3.
Deals with theoretical aspects




4.
Study the problems of firm only.
4.
Study both the firm and individual.




5.
Narrow scope.
5.
Wide scope