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| the estimation of something as valueless (encountered mainly as an example of one of the longest words in the English language). |
| (used as a nonsense word by children to express approval or to represent the longest word in English.) |
| microeconomics (ˌmaɪkrəʊˌiːkəˈnɒmɪks, -ˌɛkə-) | |
| —n | |
| (functioning as singular) Compare macroeconomics the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them | |
| microeco'nomic | |
| —adj | |
Economic analysis of particular components of the economy, such as the growth of a single industry or demand for a single product. (Compare macroeconomics.)