Study Materials

Meaning and Importance of Financial Management

Financial management is concerned with the procurement of funds from various sources and making the effective allocation of financial resources into productive use. It is a decision-making process relating to investment financing, asset management, dividends and so on. Finance, therefore, occupies a prime place at every stage of operation of a business like production, marketing, distribution of returns, and so on.

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Concept and Features of Managerial Economics

Business economics/managerial economics is the application of economics in the field of business management. It means it is the use of economic theory and methods to decision-making problems that a firm may have to face. Managerial economics has been a separate science from traditional economics since the 1950s. After such, economists treat managerial economics as a young and growing science.

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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 of the concepts and fundamental issues of economics are used in our day-to-day life. The major elementary issues and concepts of economics which have created the subject matter of economics can be discussed as below;

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