Definition of microeconomic in English:


Pronunciation /ˈˌmīkrōˌekəˈnämik/ /ˈˌmaɪkroʊˌɛkəˈnɑmɪk/ /ˈˌmīkrōˌēkəˈnämik/ /ˈˌmaɪkroʊˌikəˈnɑmɪk/


  • Relating to the branch of economics concerned with single factors and the effects of individual decisions.

    ‘the environment in which microeconomic decisions are made’
    • ‘business pricing strategies correlate strongly with microeconomic factors’
    • ‘Many of the phenomena to be understood are microeconomic in nature.’
    • ‘A major element in assessing the farm-level impacts of these crops is their microeconomic impact.’
    • ‘I have wholeheartedly bought into the neoclassical microeconomic paradigm.’
    • ‘Corporate economists should become more involved in the microeconomic analyses of their enterprises.’
    • ‘The first three chapters adopt broadly a microeconomic approach to explicitly spatial economic questions.’
    • ‘The possible conflict between the pursuit of improved microeconomic efficiency versus the desirability of macroeconomic stability is touched upon.’
    • ‘The simplest neoclassical microeconomic approach to labor markets is based on two main principles.’
    • ‘Studies based on microeconomic data have the potential to capture the supply side of the market.’
    • ‘On a microeconomic basis, consolidation means moving purchase orders among suppliers.’
    • ‘The lengthy microeconomic preview on markets comprises nearly 40 percent of the macroeconomics version of the book.’