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Discuss the contribution to Zambia's economic growth and development of each of the roles of Managerial Economics listed below: Page 4 of 4 1. Useful

Discuss the contribution to Zambia's economic growth and development of each of the roles of Managerial Economics listed below: Page 4 of 4 1. Useful in Business Organization 2. Helpful in Chalking out Business Policies 3. Help in Business Planning 4. Helpful in Cost Control 5. Useful in Coordination of Business Activities 6. Useful In Demand Forecasting 7. Helpful in Profit Planning and Control 8. Helpful for Business Prediction 9. Helpful in Price Determination 10. Helpful in Solutions of Business Taxation Problems 11. Useful in Understanding the Mechanism of Economic System 12. Helpful in Analysis of Effects of Government Policies 13. Attempt to Put Out the Friendly Business 14. Supporting the Manufacture and Use of Models 15. Useful in Showing the Path of Economic Well-Being 16. Gives the Right Direction 17. Maintaining Costs 18. Distribute Profit 19. Measurement of the Efficiency of the Firm

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