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Relationship between Economic and Business Profit

Relationship between Economic and Business Profit

At a general level, the idea of profit would emerge very clearly as Profit is the difference between revenues and ...
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general research VS scientific research

General Research VS Scientific Research

General research/research Research is a systematic and logical procedure in order to get answers to certain well-defined questions. It is ...
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Essential characteristics of research

Essential characteristics of research

The term research denotes a logical technique including enunciating the issue of problem, stating or formulating a hypothesis, collecting the ...
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Scope, role and functions of Financial Management

Scope, Role, and Functions of Financial Management

Financial management is that managerial activity which is related to the planning and controlling of the firm’s financial resources. Finance ...
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Functions of Profit in managerial economics

Functions of Profit in Managerial Economics

Generally, the entrepreneur considers profit as excess revenue over the total cost. Therefore, profit is the net income of the ...
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A note on major theories of profit

A Note on Theories of Profit

Meaning of Profit Generally, the businessman thinks that the excess of income over his expenditure is profit. Profit is, therefore, ...
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Role of managerial economics in the business decision-making process

Role of Managerial Economics in the Business Decision-Making Process

Managerial economics combines economic theories with decision science tools and as it is metrical and analytical it assists the managers ...
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Relationship between Managerial and Traditional Economics

Relationship between Managerial and Traditional Economics

Managerial economics is developed from microeconomic theories by taking those concepts and techniques that help managers to select strategic decisions/direction, ...
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Meaning and introduction to research

Meaning and introduction to research

The term research is derived from the French term recerchier. It means to see or to find out again. The ...
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An Introduction to Nepal at a Glance

An Introduction to Nepal at a Glance

Nepal is a landlocked country. It lies between India and China. Still, Nepal is one of the least developed countries ...
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Meaning and importance of financial management

Meaning and Importance of Financial Management

The term finance can be defined as an art and techniques of money management. It is a type of business-related ...
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Subject matter and area of managerial economics

Subject Matter and Area of Managerial Economics

The scope or areas is the thing which tells us how far away a specific subject will work. Thus, the ...
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Concept and Features of Managerial Economics

Concept and Features of Managerial Economics

Economics is a social science and it studies human behaviors concerning the optimization of the allocation of available resources to ...
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Relation of economics with other sciences

Relation of economics with other sciences

There is a relation of economics with other sciences or other disciples. Sometimes economists learn from other sciences and sometimes ...
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Elementary issues and concepts of economics

Elementary Issues and Concepts of Economics

Just like all the subjects have their unique concepts and issues, economics also has certain unique matters and issues. Many ...
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The subject matter of economics

The Subject Matter of Economics

There are different approaches to define the subject matter of economics. It can be defined in terms of the basis ...
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The traditional and modern concept of economic development

The Traditional and Modern Concept of Economic Development

There is difficulty to define the term economic development because the meaning of economic development has been changing with the ...
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Major Key Concepts of Economics

Major Key Concepts of Economics

Economics is a type of discipline which studies the economic activities and undertakings of individuals living in the societies, regions, ...
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Nature and definitions of economics

Nature and Definitions of Economics

Economics is a vibrant social science. With the passes of time and dynamisms of socio-economic activities of human being the ...
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