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microeconomics

The definition of microeconomics is the study of how all of the elements in an economy function together.

(noun)

An example of microeconomics is the study of consumer behavior.

See microeconomics in Webster's New World College Dictionary

noun

a branch of economics dealing with certain specific factors affecting an economy, as the behavior of individual consumers, the marketing of particular products, etc.

Related Forms:

microeconomic adjective

See microeconomics in American Heritage Dictionary 4

noun (used with a sing. verb)

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

Related Forms:

miˌcro·ecˌo·nomˈic adjective

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