The benefits of Economics for Business

business is  something that we done.Most business activities are related to the collection of economic information and making predictions based on that information. In general, the goal of a businessman is to gain profit. In an attempt to reach that goal, he should be able to make sure about the shape of the market if it faces it (monopoly, free market competition etc.),
whether he should retain its price, or should raise, or even down, whether he should increase or reduce costs which must be issued for the advertisement, whether he should raise the wages of its employees, and so forth

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         He also should be very vigorously trying to lower its production costs in order to tackle and contain the pressure because of competition from other business. He must also decide whether he should add the machines or sell the old one and replace them with new ones, in order to increase productivity (the ability to produce) company. He must find sources of raw materials with the cost and the lowest possible price. He must also try to hire workers who can work hard with a fairly low wage, and so forth.

                The businessman should always read and observe the situation, in case of industrial development which is likely to be more advantageous, and if this development is actually happening, he still must also try to find the best way to dispose of the ways and the old production system and replace it with the ways and new production system in accordance with the development of the industry. He must know exactly, whether it has sufficient production capacity to meet public demand for goods produced. Thus, there are many more examples that can be made here about the things that should get major attention from the businessman. Finally, a businessman also have to study the financial situation at any time, constantly.

the economy for our business is used to choosing  a decision. for what our money.to invest fund for make a shop or buy stock.it is up to you but you must know what,for whom,and how your invest your fund .
     
Answers to all questions above is closely related to the activities of gathering information, analyzing the economic and financial data, and making rational business decisions. A businessman is someone who lives in a world that is not fully be measured and therefore he must have the courage to rely on his instincts, instincts business! But nevertheless, it is no doubt that information and economic analysis of real and decisive will be a lot to help him make better business decisions, and reduce the amount of uncertainty it faces, and thus will help his business walking toward success. so economics is very useful and important so that we can do business. think if we can do economy action correctly,maybe you will get great advance for your business.