Wednesday, July 6, 2016

Business Economics

Business Economics is the part of economic theory which focuses on business enterprise and inquires into the factors contributing to the diversity of organisational structures and to the relationships of firms with labour, capital and product markets.
Business economics is concerned with economic issues and problems related to business organisations, their management and strategies. 
It tries to explain, why corporate firms emerge and exist, how they expand, the role of entrepreneurs, the significance of organisational structure, the relationship of firms with their employees, their stakeholders, the providers of capital, the customers and the government, the interactions between firms and the business environment.