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microeconomic

microeconomic

1 6.0
Relating to how people and businesses make choices in markets
  • adjective
  • /ˌmaɪkroʊˈɛkəˌnɑːmɪk/
  • Specialized
translation icon : microeconómico
  • The microeconomic impact of supply and demand can greatly affect small businesses in the community.
  • microeconomic policy
  • microeconomic theory
  • microeconomic simulation

And Dean Conan, her remarks talked about what I'll refer to as the microeconomic foundations of macroeconomics.

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Examples

  • Monetary policy is not a solution to microeconomic problems.

    Academic text (1993)
  • One of the most important discoveries that have emerged from microeconomic investigations has been the evidence of the pervasiveness of heterogeneity and diversity in economic life.

    Academic text (2016)
  • Alternatively, from a microeconomic perspective, the government might encourage the allocation of inputs to the medical services industry.

    Academic text (1991)
  • I emphasize again, as we move to a microeconomic perspective, that we are not talking about a top-down approach.

    Academic text (1995)
  • The main microeconomic variable is the percentage of total external debt caused by SOEs.

    Academic text (2003)
  • Conventional microeconomic analysis assumes that a supplier's primary form of compensation is money.

    Academic text (1997)
  • And evidently at least one CEO doesn't even understand basic microeconomic principles.

    Blog text (26)
  • To examine these effects as they are reflected in the case studies, it is helpful to divide them into microeconomic and macroeconomic effects.

    Academic text (2006)
  • One widely held view is that Japan's malaise stems from problems in its banking sector and microeconomic structures.

    Academic text (2003)
  • Indeed, many neoliberal pundits have accused state-led land reforms of inefficiency in purely microeconomic terms.

    Academic text (2008)

Compounds

A person who studies how people and businesses make choices in markets

How Small

microeconomic
  • Specialized
1 6.0
macroeconomic
  • Specialized
14 6.7

Surface Forms

microeconomic positive

Morphology

microeconomic = economic (transparent) = micro + econom + ic

The word is formed by adding micro- to economic, and the resulting meaning 'small-scale economic' is straightforward.

Etymology

The word microeconomic is made of the prefix micro- meaning 'small', as in microphone, and the part economic from economy meaning 'how money and resources are managed'. So microeconomic is about the 'small' parts of the economy, like individual households or firms.