ABSTRACT
This chapter draws upon economic analysis for the concepts of demand, cost, profit, competition and so on that are appropriate for the decision. It draws upon modern methods of econometrics and market research for getting estimates of the relevant concepts. The chapter discusses the arising from this historical account it is possible to identify a number of areas of current controversy in the subject of industrial economics, principally related to the objectives, units, of analysis and methods of the subject. It outlines consensus on the objectives, scope and methodology of industrial economics that permits its closer integration into the mainstream of economic analysis. The chapter reviews the data sources, their methods of collection and their use in industrial economics. The relationship between the objectives of industrial economics and those of business or managerial economics also requires clarification.
