Meaning & use
microeconomics
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.
Words with a similar meaning
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