Business Economics

Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour capital and product markets. A professional focus of the journal business Economics has been expressed as providing practical information for people who apply economics in their jobs. Business economics is an integral part of traditional economics and is an exttension of economic conceps to the real business situations. it is an applied science in the sense of a tool of managerial decision-making and forward planning by managment. in other words businsess econics is concered with the appllication of economic theory to business managment Business economics is based on microeconomics in two categories positive and negative.