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uses mathematical formulas to account for the time value of money and balance current and future revenues and costs.
• Engineering Economy
is the science that deals with the production, allocation and use of goods and services.
• Economics
is the study of the entire system of economics
o Macro-Economics
is the study of how the systems affect one business or parts of the economic
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are products or services that are required to support human and activities that will be
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are products or services that are desired by humans and will be purchased if money is available
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is defined as anything that anyone wants or needs.
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would be the performance of any duties or work for another, helpful or professional activity.
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refers to the distribution of goods and services.
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• – refers to the advertising, and other efforts to promote a products sale.
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