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introduction to business economics
Business economics is an applied stream of economics that relies on the studies of organizational, financial, environmental and market-related issues faced by an enterprise. You can consider it the study of economics with all its abstract theorization with minimal relation with business. Theoretical models of economics are often applied in various business models to study the economic characteristics of an enterprise. In this blog, we will outline the subject of business economics and its scope and factors. In compliance with the scope of business economics, no uniformity of opinions exists among various macroeconomists.
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