microeconomics

noun plural but usually singular in construction mi·cro·eco·nom·ics \-ˌe-kə-ˈnä-miks, -ˌē-kə-\

: the study of the economic decisions and actions of individual people, companies, etc.

Full Definition of MICROECONOMICS

: a study of economics in terms of individual areas of activity (as a firm) — compare macroeconomics

— mi·cro·eco·nom·ic \-ˈnä-mik\ adjective

— mi·cro·econ·o·mist \-i-ˈkä-nə-mist\ noun

1943

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