What are the fundamentals of economics and management? In this article, we will provide an overview of one of the CMA Foundation topics, Fundamentals of Economics and Management . Let's take a quick look at the subject. Introduction Fundamentals of Management Fundamentals of Management is an introduction to management that explains how management plays a critical part in organisations since they require a high level of management to fulfil their goals and objectives. Economics is the study of how we work together to transform scarce resources into products and services in order to fulfil our natural desires. While several academics have characterised economics in various ways, the most commonly accepted definition is that it is the study of money. The research of how to get things done by and with the people involved in an operation is what management is all about. Fundamentals of Management is an introduction to management that expla...
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