Are business economics and industrial economics the same?

Ans : Not quite. Business economics can be used synonymously as industrial or managerial economics. But there is a subtle difference between industrial and managerial economics which is often overlooked. Business economics thus can be said to have wider connotations than industrial economics. Managerial economics is much more narrow in its scope. Business economics can be seen as a part of economics that deals with business management and is concerned about relevant theories pertaining to this field.