1.1.3 SCOPE OF BUSINESS ECONOMICS As regards the scope of Business economics, there is no general uniform pattern. However, the following aspects may be said to be inclusive under Business economics: Demand analysis and forecasting. Cost and production analysis · Pricing decisions, policies and practices Profit management Capital management Scope of any subject means the area of its study. Business Economics has its roots in economic theory. But its scope is different from economic theory. Business Economics provides management wit...