microeconomics

[ mahy-kroh-ek-uh-nom-iks, -ee-kuh- ]

noun(used with a singular verb)
  1. the branch of economics dealing with particular aspects of an economy, as the price-cost relationship of a firm.

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Origin of microeconomics

1
First recorded in 1945–50; micro- + economics

Other words from microeconomics

  • mi·cro·ec·o·nom·ic, adjective
  • mi·cro·e·con·o·mist [mahy-kroh-i-kon-uh-mist], /ˌmaɪ kroʊ ɪˈkɒn ə mɪst/, noun

Words Nearby microeconomics

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use microeconomics in a sentence

  • Normal microeconomics makes the right answer obvious: A rise in supply pushes down the price of work, so wages will fall.

    The Sleepless Economy | Megan McArdle | January 15, 2013 | THE DAILY BEAST

British Dictionary definitions for microeconomics

microeconomics

/ (ˌmaɪkrəʊˌiːkəˈnɒmɪks, -ˌɛkə-) /


noun
  1. (functioning as singular) the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them: Compare macroeconomics

Derived forms of microeconomics

  • microeconomic, adjective

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Cultural definitions for microeconomics

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.)

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.