microeconomics

[ 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.

Nearby words

microdrepanocytic anemia, microdrepanocytosis, microdrive, microearthquake, microecology, microeconomics, microelectrode, microelectronics, microelectrophoresis, microencapsulation, microencephaly

Compare macroeconomics.

Origin of microeconomics

First recorded in 1945–50; micro- + economics

Related forms

mi·cro·ec·o·nom·ic, adjectivemi·cro·e·con·o·mist

[mahy-kroh-i-kon-uh-mist] /ˌmaɪ kroʊ ɪˈkɒn ə mɪst/, noun

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for microeconomics

microeconomics

/ (ˌmaɪkrəʊˌiːkəˈnɒmɪks, -ˌɛkə-) /

noun

(functioning as singular) the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between themCompare macroeconomics

Derived Forms

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

Culture 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.)