Tag Archives | Managerial Economist

The following points highlight the top five responsibilities of managerial economist. Responsibility # 1. To make a reasonable profit on capital employed: He must have a strong conviction that profits are essential and his main obligation is to assist the management in earning reasonable profits on capital employed in the firm. Responsibility # 2. He must make successful forecasts by [...]

Some of the important duties performed by managerial economist are as follows: 1. Study of the Business Environment: Every firm has to take into consideration such external factors as the growth of national income, volume of trade and the general price trends, for its policy decision. A firm works within a business environment. The basic elements of business environment for [...]