Definition of microeconomics Microeconomics
/majˌkɹowɛˌkʌnɑˈmɪks/ - [maykrowekunamiks] - mi•cro•e•co•nom•ics
We found 3 definitions of microeconomics from 3 different sources.
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What does microeconomics mean?
WordNet
NounPlural: microeconomics |
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| microeconomics - the branch of economics that studies the economy of consumers or households or individual firms | ||
| economic science, economics, political economy the branch of social science that deals with the production and distribution and consumption of goods and services and their management | ||
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Wiktionary 
- microeconomics (Noun)
That field of economics that deals with small-scale economic activities such as that of the individual or company.
Wikipedia 
- Microeconomics is the science of how people make decisions at the small scale. The opposite is macroeconomics. In microeconomics, we might watch how a person chooses what to buy at the store, or how many things a company will make. Some parts of microeconomics include "Consumer Theory" and "Theory of the Firm", which study how people and businesses make decisions. "Game Theory" watches how people make decisions when the outcome (how something ends) depends on what decision another person makes.
