Economics (अर्थशास्त्र) B.A First Semester
Post pandemic work environment has changed both micro and macro level and the basic business structure has shifted to economics variations. Even at international level knowledge of economics with result in a better path of glory.
Introduction of Economics (अर्थशास्त्र का परिचय)
Introduction of Economics (अर्थशास्त्र का परिचय)
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Subject-Wise High Quality Lectures by Experts
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Accompanying Content for Each Lecture
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Lecture-Wise Multiple Choice Questions for Each Subject
Many of the old or traditional economic theories were developed on the thought process of normative and positive form of business, where the perspective statements are given in the form of rules and regulation for the attainment of multiple goals of business. Here lies the significance of valid decisions taken in the due course of business i.e. one wrong decision and a big harm can be caused to the business at strategic and operational level. These are few of the reasons because of the business economics is linked to the essentials of normative and positive theoretical background, and then also more importance is given to the normative form of decision making. As far as the scope of business economics is concerned, there is no singular view of the same i.e. the knowledge of economics have been derived from a number of avenues like mathematic, statistics, geography, accounting, finance, etc. and the combination of all these is presented to assist the entrepreneur in specific decision making. Some of the important aspects that consider the role of economics in real sense are demand analysis, forecasting, production analysis, decisions related to pricing of products and services, management of revenue and profit, management of capital, etc.
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