Economics Insights for Managing Business Affairs

March 16 SLIDA, Colombo 07. EFM - Evening for Managers

Economics teaches how to make well-informed decisions. It’s about how we behave, how businesses behave and how the government behaves. It is, predominantly, revolving around decision making.  If we take enterprise view, what should a business do to raise profit margin. Managers at different levels are constantly exposing to make choices, which is inextricably a part and parcel of managing businesses. Though, economics is a great foundation for many careers, one should ask questions that are we adequately equipped with basic economics knowledge. Knowing key insights in economics will help us immensely in sound decision making.