Risk Averter:- A person who minimise risk during investment called Risk Averter or Risk Averse and the activity called risk Aversion. Risk Lover:- A person who take risk to maximise his profit during...
MANAGERIAL ECONOMICS Application of Economics in Managerial Decision Making to optimize resources of the firm and maximize the value of the firm What is economics? The best product, wealth, or...
INTRODUCTION Every individual has specific needs, for the satisfaction of which, he/she needs resources. But the resources that a person have, to satisfy his needs are always limited and have alternative...