word
Business
Microeconomics
my-kroh-ee-koh-NOM-iks
/ˌmaɪkroʊˌiːkəˈnɒmɪks/Listen
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Syllable breakdown
microeconomics
Dictionary meaning
Study of individual economic actors — households, firms, and markets — and how they make decisions; examines price formation, market equilibrium, and resource allocation; contrasted with macroeconomics which studies the economy as a whole
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