Explain the term- takes the help of macroeconomics, Managerial Economics

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Takes the help of macroeconomics

Managerial economics incorporates certain aspects of macroeconomic theory. These are important to comprehending the circumstances and environments that enclose the working conditions of an individual firm or an industry. Knowledge of macroeconomic issues like business cycles, taxation policies, industrial policy of the government, price and distribution policies, wage policies and anti-monopoly policies and so on, is integral to the successful functioning of a business enterprise.

 


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