Why do business people study economics?

Antone Bual: Basically to learn how to make a business profitable.There are two ways to learn business, start your own or go to school, most high scooler don't have the resources to start their own business.

Joel Feagler: to help them make decisions like: what to produce, how much of it to produce, what price to sell it for to maximize profit, etcsmall business management is basically microeconomics.

Houston Venezia: Businesses study economics or use economics to decide what productive resources to purchase, how to combine them to product output, and what mix of goods and services to produce.