Define business economics.

Business economics is a branch of economics that focuses on the application of economic theory and quantitative methods to analyze and solve business problems. It involves studying how businesses make decisions regarding production, pricing, marketing, and resource allocation in order to maximize profits and achieve their goals. Business economics also examines the impact of external factors such as government policies, market trends, and competition on business operations.

Business economics is a branch of economics that applies economic theory and methods to business decision-making. It helps businesses understand the economic environment in which they operate and make informed decisions about production, pricing, marketing, and investment. Business economics also provides insights into the behaviour of consumers and firms, and the impact of government policies on business.