Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

what do mission and vision statements have to do with economics?

Sagot :

sebastiansierraocm

Answer:

The mission statement is related to economics because it states the central economic goal of idea behind a company or organization. For a firm to achieve its mission statement, it must make a rational use of scarce resources, which is what economics is fundamentally about.

The vision statement is related to economics because it requires some form of economic planning, as the vision relates to the future the firm wants to position itself in, and in order to do so, it must make a rational present and future use of the resources that it has available.

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.