What is economics
Discussion:
What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making.
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What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions?
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How important was your income as a factor? How important was the price of other goods as a factor?
Name of the organization, locations, web address Overall organizational strategy and business model Products or services, industry, and market position
What is economics? What role does economics play in your personal and organizational decisions?
It focuses on how the management practices of planning, leading, organizing, staffing, and controlling are implemented in your workplace
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What are the critical knowledge, skills, and abilities (KSAs) of that position?
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