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[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.
Compare macroeconomics.
Origin of microeconomics
1945-50; micro- + economics
Related forms
microeconomic, adjective
[mahy-kroh-i-kon-uh-mist] /ˌmaɪ kroʊ ɪˈkɒn ə mɪst/ (Show IPA),
noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for microeconomics
  • microeconomics studies the economic behavior of individual consumers and individual businesses.
  • She needed her microeconomics textbook for the problem set she was finishing at the library, and she'd left it in her dorm room.
  • One can do a lot in microeconomics without going further than linear algebra.
  • Aspiring doctors are not normally taught microeconomics, cost accounting or risk management.
  • Crucial ideas about the role of prices and markets, the basic principles of microeconomics, are uncontroversial among economists.
  • Second, it is microeconomics that puts bread on the table.
  • It's also a main part of standard orthodox microeconomics.
  • The point is only that demand also has a role to play in microeconomics, end as a result thereof also in macroeconomics.
  • microeconomics studies resource allocation and decision-making at the level of the individual consumer, household or firm.
  • Most positions also require training in microeconomics through the intermediate theory level.
British Dictionary definitions for microeconomics


/ˌmaɪkrəʊˌiːkəˈnɒmɪks; -ˌɛkə-/
(functioning as sing) the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them Compare 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
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Word Origin and History for microeconomics

1948, from micro- + economics. Related: Microeconomic.

Online Etymology Dictionary, © 2010 Douglas Harper
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microeconomics in Culture

microeconomics definition

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 American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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