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microeconomics

[ mahy-kroh-ek-uh-nom-iks, -ee-kuh- ]
/ ˌmaɪ kroʊˌɛk əˈnɒm ɪks, -ˌi kə- /
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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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Compare macroeconomics.

Origin of microeconomics

First recorded in 1945–50; micro- + economics

OTHER WORDS FROM microeconomics

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. 2023

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|DAILY BEAST

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 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.
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