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microeconomics definition

micro·eco·nom·ics (mī′krō ek′ə näm′iks, -ē′kə-)

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.

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Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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