Definitions for Microeconomic
mi·croe·co·nom·ic

Princeton's WordNetRate this definition:0.0 / 0 votes

1. microeconomicadjective

   of or relating to microeconomics

WiktionaryRate this definition:0.0 / 0 votes

1. microeconomicadjective

   of, or relating to, a microeconomy

2. Etymology: micro- + economy + -ic

WikipediaRate this definition:0.0 / 0 votes

1. microeconomic

   Microeconomics is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the study of individual markets, sectors, or industries as opposed to the national economy as whole, which is studied in macroeconomics. One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce efficient results. While microeconomics focuses on firms and individuals, macroeconomics focuses on the sum total of economic activity, dealing with the issues of growth, inflation, and unemployment and with national policies relating to these issues. Microeconomics also deals with the effects of economic policies (such as changing taxation levels) on microeconomic behavior and thus on the aforementioned aspects of the economy. Particularly in the wake of the Lucas critique, much of modern macroeconomic theories has been built upon microfoundations—i.e. based upon basic assumptions about micro-level behavior.

ChatGPTRate this definition:0.0 / 0 votes

1. microeconomic

   Microeconomics is a branch of economics that studies the behavior of individuals, households, and firms in making decisions on the allocation of limited resources. It focuses on the economic dynamics and interrelations at a smaller scale, such as the individual or business level, and examines how decisions and behaviors affect the supply and demand for goods and services, which in turn determines prices, and how prices influence the supply and demand of those same goods and services.

How to pronounce Microeconomic?

1. Alex

   US English

   David

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   Mark

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   Daniel

   British

   Libby

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   Mia

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   Australian

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How to say Microeconomic in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Microeconomic in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of Microeconomic in Pythagorean Numerology is: 9

Examples of Microeconomic in a Sentence

1. Cao Huiquan:

   Overcapacity is a macroeconomic policy issue and I believe it needs to be solved through law and industry standards. This is the best way, rather than interfering on a microeconomic level by shutting down projects.

2. Cao Huiquan:

   It is hard to see this year being any better than last year, and I actually think it will be worse, overcapacity is a macroeconomic policy issue and I believe it needs to be solved through law and industry standards. This is the best way, rather than interfering on a microeconomic level by shutting down projects.

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References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=Microeconomic
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Microeconomic
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Microeconomic
4. ^ ChatGPT
   https://chat.openai.com