Meaning & use

microeconomics

noun·Academic

The branch of economics concerned with the behavior of individual consumers, households, and firms.

See it in a sentence

In microeconomics class, they analyzed how price changes affect overall consumer demand.

Her research in microeconomics focuses closely on small business pricing strategies.

A note on using this word

Microeconomics contrasts with macroeconomics, which examines entire economies rather than individual decision-makers.

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