F.W.Taylor

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Frederick Winslow Taylor also known as F.W.Taylor. frederick Winslow Taylor was an american mechanical engineer. f.w.taylor was born on march 20,1856 .He was the one of the first financial consultants.he is alsoKnown for"Father"of the Scientific management & Efficiency Movement, Father of Industrial Engineering.Taylor was the son of a lawyer. He entered Phillips Exeter Academy in New Hampshire in 1872. In 1911, Taylor summed up his efficiency techniques in his book ' The Principles of Scientific Management'. Taylor was also an athlete who competed nationally in tennis. His occupation was Efficiency expert Management consultant. He got the Awards of Elliott Cresson Medal (1902).
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Difference between Economics and managerial economics

 Economics deals with concepts, principles and aspects of economic analysis and managerial economics(also called business economics) deals with application of economic theories for decision making.economics deals with macro and micro economics , managerial economics only includes micro in character.economics includes both positive and normative science and managerial economics includes only normative science.economics deals with all theories of  distribution ,rent,wages, interest and profit managerial economics is widely uses profit theory.managerial economics is study of firms only but economics is study of both individual and firms.economics consider only the economic aspects of a problem, managerial economics consider both economic and non-economic factors.economics have wide scope,and managerial economics have limited scope.and last Economics is very old subject and managerial economics is new and developing subject evolved only after second world war

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Frederick Winslow Taylor also known as F.W.Taylor. frederick Winslow Taylor was an american mechanical engineer. f.w.taylor was born on march 20,1856 .He was the one of the first financial consultants.he is alsoKnown for"Father"of the Scientific management & Efficiency Movement, Father of Industrial Engineering.Taylor was the son of a lawyer. He entered Phillips Exeter Academy in New Hampshire in 1872. In 1911, Taylor summed up his efficiency techniques in his book ' The Principles of Scientific Management'. Taylor was also an athlete who competed nationally in tennis. His occupation was Efficiency expert Management consultant. He got the Awards of Elliott Cresson Medal (1902).
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