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microeconomics

noun

mi·​cro·​eco·​nom·​ics ˌmī-krō-ˌe-kə-ˈnä-miks How to pronounce microeconomics (audio)
-ˌē-kə-
plural in form but usually singular in construction
: a study of economics in terms of individual areas of activity (such as a firm, household, prices, etc.) compare macroeconomics
microeconomic adjective
microeconomist noun

Word History

First Known Use

1943, in the meaning defined above

Time Traveler
The first known use of microeconomics was in 1943

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Cite this Entry

“Microeconomics.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microeconomics. Accessed 1 Dec. 2025.

More from Merriam-Webster on microeconomics

Last Updated: - Definition revised
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