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ECONOMIC PROBLEM NOW A DAYS  YA TOPIC SUN KE HAMARE DIMAG AMAI ATE HAI KE ECONOMIC PROBLEM BOLTAI KISKO HOGA RIGHT  WHAT IS ECONOMIC PROBLEM? TO AJ HUM SMJTAI HAI ECONOMIC PROBLEM BOLTAI KISKO HAI   TO CHALIYA START KRTAI HAI  WELCOME MERA BLOG MAI APKE SUAGUT HAI . AGAR APP NEW HO TO APP MERE YOUTUBRE CHANNEL KO BHI SUBSCRIBE KR SAKTE HO AUR MERE PERVIUOS POST BHI DEK SAKTE HO JAGA MANE MANAGERIAL ECONOMIC KE BARE MAI BTYE HAI ROMAN HINDI HAI  HII  so the economic problem is the problem of choice, the economic problem arises due to the allocation of resources and resources are scarce. the wants are unlimited and this wants cannot be fulfilled by the limited resources. the resources have alternate use for the satisfaction of unlimited wants. working of the price mechanisation  the interaction of buyer and seller in the free market enabled goods, services, and resources to be allocated by price, relative price, and change in price that reflect the force of dema

nature and characteristic of managerial economics   to understan the natare of me we should understand what is me .here is qiuck defination of managerial economics -:so its application of the practical solution of economic issues. which is applied in decision making future planning, soon. managerial economics is concerned to be applied micro economic .it mean managerial economic is concerned with the application of micro economics principle of dicision making by the firm so, the managerial economic short to be covered the following points -: a)decision variable of firm   b)micro economic principles  c)technique from a decision science     so it was all about the short definition of managerial economics  so lets talk about its nature and characteristics of managerial economics  a)managerial economic is principle rather than descriptive  b)it is the character of micro economic issues c)it is a scientific art because all decision is based on what, how and t

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