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

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

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.)


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