Basics of Economics for Business Organisations

A book entitled “BASICS OF ECONOMICS FOR BUSINESS ORGANISATIONS” of Dr. Hindurao Sankpal and Dr. Anil Gaikwad is a decent contribution to the educational and Business sector. A Book on Economics for All is a useful and most important book for all and also to Business Organizations. Economics is a social science concerned with the production distribution and consumption of goods and services. It studies how individuals businesses governments and nations make choices about how to allocate resources. Economics focuses on the actions of human beings based on assumptions that humans act with rational behavior seeking the most optimal level of benefit or utility. The building blocks of economics are the studies of labor and trade. Since there are many possible applications of human labor and many different ways to acquire resources it is the task of economics to determine which methods yield the best result.