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microeconomics
[ mahy-kroh-ek-uh-nom-iks, -ee-kuh- ]
noun
, (used with a singular verb)
- the branch of economics dealing with particular aspects of an economy, as the price-cost relationship of a firm.
microeconomics
/ ˌmaɪkrəʊˌiːkəˈnɒmɪks; -ˌɛkə- /
noun
- functioning as singular the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them Compare macroeconomics
microeconomics
- Economic analysis of particular components of the economy, such as the growth of a single industry or demand for a single product. ( Compare macroeconomics .)
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Derived Forms
- ˌmicroˌecoˈnomic, adjective
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Other Words From
- micro·eco·nomic adjective
- mi·cro·e·con·o·mist [mahy-kroh-i-, kon, -, uh, -mist], noun
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Word History and Origins
Origin of microeconomics1
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Compare Meanings
How does microeconomics compare to similar and commonly confused words? Explore the most common comparisons:
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Example Sentences
Normal microeconomics makes the right answer obvious: A rise in supply pushes down the price of work, so wages will fall.
From The Daily Beast
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