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WHY IS INDUSTRIAL ECONOMICS CONSIDERING A S A MAJOR SUBJECT IN THE VARIOUS UNIVERSES AND COLLEGES OF THE UK, THE USA, AND AUSTRALIA?

• This subject deals with the levels at which capacity, output, and prices are set;
• This subject deals with the extent that products are differentiated from each other;
• His subject describes how much firms invest in research and development (R&D);
• the subject of industrial economics helps in the understanding of how and why firms advertise;
• the study of industrial economics is important because it talks about the industrial location;
• international economises a subject which defines the determinants of profitability;
• this subject deals with the theory of demand and supply; and
• this subject helps in the understanding of the cost and profit analysis of the various industries and helps the manager and owner’s teak important decisions. The students who are studying management will definitely need to know about this.

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WHAT ARE THE VARIOUS BRANCHES AND IMPORTANT TOPICS WHICH ARE COVERED UNDER INDUSTRIAL ECONOMICS?

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