Managerial Economics

ECONOMICS

is a social concerned with how individuals, institutions, and society make __________ (best) choices under conditions of ________

This shows how resources are used and combined in production.

• Technique Production

• Capital Intensive

• Labor Intensive

• Use of Resources

Uses machineries or equipment to produced

• Technique Production

• Capital Intensive

• Labor Intensive

• Use of Resources

Uses efforts of men to produce

• Technique Production

• Capital Intensive

• Labor Intensive

• Use of Resources

ECONOMICS

is a study of how individuals and societies choose to employ those resources: what goods and services will be produced, how will they be _______, and how they will be __________ among the members of the society

ECONOMICS

it is concerned with the _________, distribution, _________, and consumption of goods and services

ECONOMICS

it focuses on the way in which individuals, ________, ____________ ________, and governments seek to achieve efficiently any economic objective they select.

ECONOMICS

studies how ________ of land, labor, and capital are determined, and how these prices are used to allocate scarce resources.

ECONOMICS

looks into the ________ of financial market and how it allocates capital to the rest of the economy.

ECONOMICS

looks into the __________ and into ways of helping the poor without causing harm to the country's economic performance.