Business economics, a branch of applied economics, uses economic theory and quantitative techniques to analyze business enterprises. It also considers the factors that influence the diversity of organizational structures as well as the relationships between firms and labour, capital, and product markets. The journal Business Economics is a professional publication that provides "practical information" for those who use economics in their job.
Business Economics is an integral part traditional economics. It extends economic concepts to real business situations. Business economics focuses on microeconomics.
Business economics is concerned with the economic problems and issues related to business management and strategy. It explains why corporate companies emerge and stay afloat; how they expand horizontally, vertically, and spatially; the role and importance of entrepreneurs; the relationship between organizations and employees, capital providers, customers, government, and customers; and the interactions between businesses and the business environment.