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microeconomics
mi·cro·ec·o·nom·ics M0272800 (mī′krō-ĕk′ə-nŏm′ĭks, -ēk′ə-)n. (used with a sing. verb) The study of how businesses, households, and individuals within an economy allocate limited resources.
mi′cro·ec′o·nom′ic adj.microeconomics (ˌmaɪkrəʊˌiːkəˈnɒmɪks; -ˌɛkə-) n (Economics) (functioning as singular) the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them. Compare macroeconomics ˌmicroˌecoˈnomic adjmi•cro•ec•o•nom•ics (ˌmaɪ kroʊˌɛk əˈnɒm ɪks, -ˌi kə-)
n. (used with a sing. v.) the branch of economics dealing with particular aspects of an economy, as the price-cost relationship of a firm. Compare macroeconomics. [1945–50] mi`cro•ec`o•nom′ic, adj. microeconomicsthe division of economics dealing with particular aspects of an economy, as the price-cost relationship of a business. Cf. macroeconomies. — microeconomist, n. — microeconomic, adj.See also: EconomicsmicroeconomicsA branch of economics dealing with the study of units within the economy, e.g. firms, markets, and individual consumers.Thesaurus| Noun | 1. |  microeconomics - the branch of economics that studies the economy of consumers or households or individual firmseconomic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management |
Translationsmicroeconomics
microeconomics the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them
www.helsinki.fi/WebEc/webecd.htmlMicroeconomics
MicroeconomicsAnalysis of the behavior of individual economic units such as companies, industries, or households.MicroeconomicsThe study of the behavior of individuals, companies, and industries. That is, macroeconomics studies economic decisions at the individual and small unit level. It does not look at the function of larger data sets like GDP or national debt. It is useful in helping determine what motivates individual buyers and sellers to do what they do. See also: Macroeconomics, Bottom-up investing.microeconomics the branch of economics concerned with the study of the behaviour of CONSUMERS and FIRMS and the determination of the market prices and quantities transacted of FACTOR INPUTS and GOODS and SERVICES. Microeconomic analysis investigates how scarce economic resources are allocated between alternative ends and seeks to identify the strategic determinants of an optimally efficient use of resources. See also THEORY OF CONSUMER BEHAVIOUR, THEORY OF THE FIRM, THEORY OF MARKETS, THEORY OF DEMAND, THEORY OF SUPPLY, MACROECONOMICS.microeconomics
Words related to microeconomicsnoun the branch of economics that studies the economy of consumers or households or individual firmsRelated Words- economic science
- economics
- political economy
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