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Definition of microeconomics

microeconomics

/ˌmaɪ.kroʊˌek.əˈnɑː.mɪks/
mi · cro · ec · o · nom · ics
Adverb:microeconomically
•
Adjective:microeconomic
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microeconomics Lexical Profile

microeconomics Game Scores & Validity

• noun

1

The branch of economics that studies the behavior and decision-making of individual consumers, households, and firms, as well as the allocation of scarce resources and the determination of prices in specific markets.

Example

"In her introductory microeconomics lecture, the professor explained how changes in consumer demand directly affect the price of coffee."

Synonyms
View all synonyms for microeconomics
Antonyms
View all antonyms for microeconomics

Word Nuance & Usage

Although ending in -s, "microeconomics" is an uncountable noun that takes a singular verb (e.g., "Microeconomics is an essential course for business majors"). It is contrasted with "macroeconomics," which examines national or global economies as a whole.

• Rhymes for microeconomics

• Nearby Words

microdose
microdosing
microeconomic
microeconomics
microeconomist
microenterprise
microfiber

Word Origin & Etymology

Coined in the 1930s by combining the prefix "micro-" (from Ancient Greek mikros, meaning "small") with "economics" (from Ancient Greek oikonomikos, meaning "practiced in the management of a household").

Cite this Entry

Wordmom. (2026). Definition of Microeconomics. In Wordmom Dictionary. Retrieved Nov 5, 2026, from https://wordmom.com/dictionary/microeconomics
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