 | This user is a student editor in Howard_University,_Washington,_DC,_USA/Civil_Engineering_Economy_(Spring_2019). |
Wikipedia Assignment #8
editDraft for Engineering economics (civil engineering)
editIn engineering economics, the decision-making process is an important mechanism for business operations as it fosters critical thinking skills in process configurations, materials, production size and other economic factors.[1] Economic theory such as real and nominal time value of money, cost accounting, interest rates, economic fluctuations, and depreciation provides a foundation for engineers to make profitable decisions in the profession[1].
- ^ a b "Why do engineers use economics?". www.google.com. Retrieved 2019-03-04.
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