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Microeconomics

my-kroh-ee-koh-NOM-iks

/ˌmaɪkroʊˌiːkəˈnɒmɪks/

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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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