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Introduction to Business Economics

Business economics is a part of economic theory that points and focuses on business enterprises and to the relationships of firms with capital, labour and product markets and inquires into the factors contributing to the diversity of organizational structures. Business Economics study is concerned with the economic issue and problems related to business organization, strategy and management. These issues may be :an explanation of why firms exist and emerge ; why they expand: vertically, horizontally and specially; the significance of organizational structure; the role of entrepreneurship and entrepreneurs; the employees; the relationship of firms with employees, the customers, the government; the interactions between firms, the providers of capital and the business environment.

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