mi·​cro·​eco·​nom·​ics | \ ˌmī-krō-ˌe-kə-ˈnä-miks How to pronounce microeconomics (audio) , -ˌē-kə- \

Definition of microeconomics

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

Other Words from microeconomics

microeconomic \ ˌmī-​krō-​ˌe-​kə-​ˈnä-​mik How to pronounce microeconomic (audio) , -​ˌē-​kə-​ \ adjective
microeconomist \ ˌmī-​krō-​i-​ˈkä-​nə-​mist How to pronounce microeconomist (audio) \ noun

First Known Use of microeconomics

1943, in the meaning defined above

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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 30 May. 2020.

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How to pronounce microeconomics (audio)

English Language Learners Definition of microeconomics

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

More from Merriam-Webster on microeconomics

Britannica English: Translation of microeconomics for Arabic Speakers

Britannica.com: Encyclopedia article about microeconomics

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