—microeconomic, adj. —microeconomist /muy'kroh i kon"euh mist/, n./muy'kroh ek'euh nom"iks, -ee'keuh-/, 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. Cf. macroeconomics.[1945-50; MICRO- + ECONOMICS]
* * *Study of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them.It considers individuals both as suppliers of land, labour, and capital and as the ultimate consumers of the final product, and it examines firms both as suppliers of products and as consumers of labour and capital. Microeconomics seeks to analyze the market or other mechanisms that establish relative prices among goods and services and allocate society's resources among their many possible uses. See also macroeconomics.
* * *study of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them. It considers individuals both as suppliers of labour and capital and as the ultimate consumers of the final product, and it analyzes firms both as suppliers of products and as consumers of labour and capital. Microeconomics seeks to analyze the market or other type of mechanism that establishes relative prices among goods and services and allocates society's resources among their many alternative uses. Compare macroeconomics.
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microeconomics — (n.) 1948, from MICRO (Cf. micro ) + ECONOMICS (Cf. economics). Related: Microeconomic … Etymology dictionary
microeconomics — [mī΄krō ek΄ə näm′iks, mi΄krōē΄kənäm′iks] n. a branch of economics dealing with certain specific factors affecting an economy, as the behavior of individual consumers, the marketing of particular products, etc.: cf. MACROECONOMICS microeconomic… … English World dictionary
Microeconomics — The supply and demand model describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). The graph depicts a right shift in demand… … Wikipedia
microeconomics — Analysis of the behavior of individual economic units such as companies, industries, or households. Bloomberg Financial Dictionary * * * microeconomics mi‧cro‧ec‧o‧nom‧ics [ˌmaɪkrəʊiːkəˈnɒmɪks, ekə ǁ kroʊiːkəˈnɑː ] noun [uncountable] ECONOMICS… … Financial and business terms
Microeconomics — The branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision making process of firms and households. It is concerned with the interaction between individual buyers and… … Investment dictionary
microeconomics — [[t]ma͟ɪkroʊi͟ːkənɒ̱mɪks, e̱k [/t]] also micro economics N UNCOUNT Microeconomics is the branch of economics that is concerned with individual areas of economic activity, such as those within a particular company or relating to a particular… … English dictionary
microeconomics — The analysis of economic behaviour at the level of individual market participants, chiefly individual businesses or consumers. For an individual or household microeconomics is concerned with the optimal allocation of a given budget, the labour… … Big dictionary of business and management
microeconomics — noun plural but usually singular in construction Date: 1943 a study of economics in terms of individual areas of activity (as a firm, household, or prices) compare macroeconomics • microeconomic adjective • microeconomist noun … New Collegiate Dictionary
microeconomics — noun That field of economics that deals with the small scale economic activities such as that of the individual or company … Wiktionary
microeconomics — mi|cro|ec|o|nom|ics [ˌmaıkrəuekəˈnɔmıks, i:kə US krouekəˈna: , i:kə ] n [U] the study of small economic systems that are part of national or international systems →↑macroeconomics >microeconomic adj … Dictionary of contemporary English