Business Economics

Contents: Preface. 1. Business administration. 2. Business marketing. 3. Business finance. 4. Factors of production in business. 5. Overview of issues in business ethics. 6. Nature and scope of economics. 7. Trade policy in transition economies. 8. The economic system and market structure. 9. Evolutionary economics as a framework for business economics. 10. The concept of economic systems. 11. Business organizations and the contract law. 12. Applications of demand and supply. 13. Demand for labour and wage determination. Bibliography. Index.

In business administration consists of the performance or management of business operations and thus the making or implementing of major decisions. The goods may be consumer goods like cloth shoes pensetc or producer goods like machinery or it may take the shape of services like the supply of electricity water gas transportation of goods etc. The activities which are involved in the production or distribution of goods and services for economic motive are a part of business. An economic system is the system of manufacturing products and services distributing the goods and services and consumption of goods and services. Whenever there are two persons making a trade it is an economic system. The knowledge about the working of the economy price system market structure factors of production pricing of factors etc. are of immense value for student in their higher study. This book is a determined attempt to furnish up to date knowledge of business economics in a simple and lucid manner. (jacket)