- the branch of economics dealing with particular aspects of an economy, as the price-cost relationship of a firm.
Origin of microeconomics
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- (functioning as singular) the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between themCompare macroeconomics
Word Origin and History for microeconomics
Online Etymology Dictionary, © 2010 Douglas Harper
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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