Describe how economic theories about economic behavior

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To be successful leaders in the global business world of the 21st century, managers must consider economic trends, behavior, and ramifications of economic decisions. Managers must also balance the pressures to react in the short term and plan for the medium term and long term. Address the following in detail: • Describe how economic theories and principles help you think about economic behavior. • Explain how economic insights are useful in decision making from a personal and business perspective.

Reference no: EM131095369

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