Definitions
There is 1 meaning of the phrase
Managerial Economics.
Managerial Economics - as a noun
Application of the economic concepts and economic analysis to the problems of formulating rational managerial decisions.
Example: "In managerial economics, the relationship between how much customers must pay for an item and how much customers buy is called demand."
Example Sentences
"The course on managerial economics covers topics such as demand forecasting and cost analysis."
"Managers use managerial economics to understand and predict market trends."
"An understanding of managerial economics is essential for effective decision-making in business."
"The principles of managerial economics can be applied to various industries and sectors."
"The study of managerial economics aids in improving the overall performance of a business."
