[ mahy-kroh-ek-uh-nom-iks, -ee-kuh- ]
/ ˌmaɪ kroʊˌɛk əˈnɒm ɪks, -ˌi kə- /
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.
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OTHER WORDS FROM microeconomicsmi·cro·ec·o·nom·ic, adjectivemi·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. 2020
British Dictionary definitions for microeconomics
/ (ˌmaɪkrəʊˌiːkəˈnɒmɪks, -ˌɛkə-) /
(functioning as singular) the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between themCompare macroeconomics
Derived forms of microeconomicsmicroeconomic, 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
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.