Microeconomics


[mahy-kroh-ek-uh-nom-iks, -ee-kuh-] /ˌmaɪ kroʊˌɛk əˈnɒm ɪks, -ˌi kə-/

noun, (used with a singular verb)
1.
the branch of dealing with particular aspects of an economy, as the price-cost relationship of a firm.
/ˌmaɪkrəʊˌiːkəˈnɒmɪks; -ˌɛkə-/
noun
1.
(functioning as sing) the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them Compare macroeconomics
n.

1948, from micro- + economics. Related: Microeconomic.

Economic analysis of particular components of the economy, such as the growth of a single industry or demand for a single product. (Compare macroeconomics.)

Read Also:

  • Microelectrode

    microelectrode mi·cro·e·lec·trode (mī’krō-ĭ-lěk’trōd’) n. A very small electrode, often used to study electrical characteristics of living cells and tissues.

  • Microelectromechanical system

    hardware (MEMS) The integration of mechanical structures (moving parts) with microelectronics. MEMS devices are “custom” designed for a purpose which requires a mechanical action to be controlled by a computer. Applications include sensors, medical devices, process controls. (http://mems.mcnc.org/). See also nanotechnology. (1999-03-25)

  • Microelectromechanical

    adjective pertaining to a component or system which uses microscopic electronics, esp. in computer chips; also, pertaining to integrated mechanical parts and microelectronics Examples Sensors are often microelectromechanical.

  • Microelectronics

    [mahy-kroh-i-lek-tron-iks, -ee-lek-] /ˌmaɪ kroʊ ɪ lɛkˈtrɒn ɪks, -ˌi lɛk-/ noun, (used with a singular verb) 1. the technology dealing with the design, development, and construction of electronic systems utilizing extremely small elements, especially solid-state devices employing microminiaturization. /ˌmaɪkrəʊɪlɛkˈtrɒnɪks/ noun 1. (functioning as sing) the branch of electronics concerned with microcircuits n. 1960, from micro- + […]

  • Microelectrophoresis

    [mahy-kroh-i-lek-troh-fuh-ree-sis] /ˌmaɪ kroʊ ɪˌlɛk troʊ fəˈri sɪs/ noun, Chemistry. 1. any of several techniques for observing, by means of a microscope or an ultramicroscope, the of minute surface particles.


Disclaimer: Microeconomics definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.