Development of the basic principles of management economics
Keywords:
basic principles, development, management economicsAbstract
This study discusses the development of the basic principles of managerial economics in a global context. To get the discussion material and scientific ethics, we have conducted a series of reading searches on literature sources in the form of books and journal communications, with searches assisted by the Google Scholar application. We have successfully analyzed them to gain an understanding and validity of the study results under the phenomenological approach. For achieving the purpose of our discussion through data coding techniques, evaluating the data by imitation, and interpreting in-depth data to get the desired answer with high validity and reality principles. After a rigorous discussion supported by valid scientific evidence, we understand that developing a reciprocal basis for a global development economy is empowering to manage an organization by using all resources to achieve the desired goals. In the national context, applying the basic principles of managerial economics has yet to be satisfactory because there are still unsolved problems and challenges. The message of hope for this finding is an important note in efforts to develop similar studies in the future.
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