Generally, the businessman thinks that the excess of income over his expenditure is profit. Profit is, therefore, the net income of the firm. The organization combines different factors of production like land, capital, labor, raw materials, fuel, and energy, etc.
A Note on Theories of Profit Read More »
Managerial economics combines economic theories with decision science tools and as it is metrical and analytical it assists the managers to solve the complexity existed in the business. Managerial economics through its skills and techniques always ensure the solution to business decision-making problems that may be faced by every type of business organization. Managerial economics plays a key role in the business decision-making process.
Role of Managerial Economics in the Business Decision-Making Process Read More »
Managerial economics is developed from micro economic theories by taking those concepts and techniques that help managers to select strategic decisions/direction, efficiently allocate the available resources, and to respond effectively to strategic issues. Therefore, it is an application of economic theory into business practice/management.
Relationship between Managerial and Traditional Economics Read More »
In the most common understanding, research refers to the search for a new thing to increase the stock of knowledge or to increase the horizon of knowledge on different issues in different subjects. Some people consider research as movement and connect it with movement from the known to unknown. It is also called a voyage of discovery.
Meaning and Introduction to Research Read More »
Nepal formally is the Federal Democratic Republic of Nepal. It is a small mountainous country in South Asia. China lies to the north of Nepal and India lies in the east, west, and south of Nepal. It lies between latitudes 26022’ to 300 27’ north and longitudes 8004’ 880 12’ and east. The average east-west length is 885 kilometre and north-south width is 144 to 241 kilometres.
An Introduction to Nepal at a Glance Read More »