microeconomics

microeconomics definition - business

microeconomics

The study of decision making by small economic units, including individuals, households, businesses, and industries. Microeconomics examines issues such as pricing, supply, demand, costs, and revenues. Compare macroeconomics.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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