THE MANAGERIAL ECONOMICS ( THE WHOLE WORLD)

Managerial economics applies economic theory and methods to business and administrative decision making. Managerial economics prescribes rules for improving
managerial decisions. Managerial economics also helps managers recognize how economic forces affect organizations and describes the economic consequences of managerial behavior. It links traditional economics with the decision sciences to develop
vital tools for managerial decision making. This process is illustrated in Figure 1.1.
Managerial economics identifies ways to efficiently achieve goals. For example,
suppose a small business seeks rapid growth to reach a size that permits efficient use
of national media advertising. Managerial economics can be used to identify pricing
and production strategies to help meet this short-run objective quickly and effectively.

Should MS Dhoni step down as India’s Test captain?

After a dismal captaincy record in overseas tours and his own failure with the bat, MS Dhoni is going through the worst phase of his career as a captain. 

With calls for his head growing after the back to back wretched Test series on foreign soil, the pressure on Dhoni is mounting and is reflecting from his statement hinting at retirement from Tests altogether. 

Has the time come for Dhoni to step down from Test captaincy? Is this the way for him to concentrate on his batting? Does India need a new captain to lead their Test team? Even if he retires, who should lead the Test side?