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Definition of "microeconomics" [microeconomics]

  • The study of the operations of the components of a national economy, such as individual firms, households, and consumers. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Use "microeconomics" in a sentence
  • "In the past year, the company has snagged leading talents in microeconomics, Web search and artificial intelligence ..."
  • "There is a need for a course in microeconomics, that goes beyond the standard economics course, addressing the great need for basic money management, budgeting, interest acccumulation and preparation for retirement."
  • "Classes in microeconomics and macroeconomics are no longer adequate — students are demanding more in-depth offerings, administrators say."