Organisations face a lot of problems. Profit maximization is their aim. They apply various economic concepts and theories for problem-solving. They use economic theories, a part of the nature of business economics.
Organisations face a lot of problems. Profit maximization is their aim. They apply various economic concepts and theories for problem-solving. They use economic theories, a part of the nature of business economics.

It is a rational decision-making process. It supports correct business decisions. Preparing policies with less effort is possible. The nature of business economics assists long-term survival. Retention of competitive nature is good. It guarantees a strong marketplace presence.The nature of business economics helps to solve real business problems of an organisation. It studies the actual conditions prevailing in the business environment. It applies microeconomics techniques. It applies