What is the relationship between financial management and economics?
Businesses / Posted 1 month ago by Jennifer Richard / 17 views
Economics and Financial Management are closely intertwined. Economics provides the Bookkeeping and Accounting Services Knoxville for financial decision-making. Key relationships include: Resource Allocation: Economics helps FM professionals understand how resources are allocated efficiently and how they impact the overall economy. In essence, economics provides the theoretical models of rational behavior, scarcity, and value, while financial management provides the specific tools (like financial ratios, valuation models, and forecasting techniques) to apply those models to real-world corporate goals.
- Listing ID: 67463
- Country: USA
- City: Knoxville