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.

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

microeconomics

1. Economic analysis of particular components of the economy, such as the growth of a single industry or demand for a single product. ( Compare macroeconomics .)

Derived Forms

• ˌmicroˌecoˈnomic, adjective

Other Words From

• micro·eco·nomic adjective
• mi·cro·e·con·o·mist [mahy-kroh-i-, kon, -, uh, -mist], noun

Word History and Origins

Origin of microeconomics¹

First recorded in 1945–50; micro- + economics

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