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microeconomics

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

Simple Definition of microeconomics

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

Full Definition of microeconomics

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

mi·cro·eco·nom·ic play \-ˈnä-mik\ adjective
mi·cro·econ·o·mist play \-i-ˈkä-nə-mist\ noun

1943

First Known Use of microeconomics

1943


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