microeconomics

noun

mi·cro·eco·nom·ics ˌmī-krō-ˌe-kə-ˈnä-miks

-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) compare macroeconomics

microeconomic

ˌmī-krō-ˌe-kə-ˈnä-mik

-ˌē-kə-

adjective

microeconomist

ˌmī-krō-i-ˈkä-nə-mist

noun

Examples of microeconomics in a Sentence

Recent Examples on the Web PredictIt makes its data publicly available, and dozens of research institutions have made use of it for studies of microeconomics and political behavior. —

Ben Terris, Washington Post, 24 Jan. 2023 The new major will be fully integrated into Wharton’s current curriculum, meaning students will still take foundational courses like microeconomics and marketing. —

Paolo Confino, Fortune, 25 Oct. 2022 Councilman Devyn Keith said microeconomics says anyone with an extra $1,000 spends that in the local economy. —

Lee Roop | Lroop@al.com, al, 12 Aug. 2022 Inflation is both the result of total spending running ahead of the economy’s capacity to supply goods and services (macroeconomics), and idiosyncratic behavior in one industry or another (microeconomics). —

Greg Ip, WSJ, 12 Jan. 2022 See all Example Sentences for microeconomics

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'microeconomics.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1943, in the meaning defined above

Time Traveler

The first known use of microeconomics was in 1943

See more words from the same year

Cite this Entry

Style

“Microeconomics.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/microeconomics. Accessed 18 Sep. 2024.

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