Microeconomics is the branch of economics that is concerned with individual areas of economic activity, such as those within a particular company or relating to a particular market.
the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them
Compare macroeconomics
Derived forms
microeconomic (ˌmicroˌecoˈnomic)
adjective
microeconomics in American English
(ˌmaɪkroʊˌɛkəˈnɑmɪks; ˌmɪkroʊˌikəˈnɑmɪks)
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.