the branch of economics that studies the economy of consumers or households or individual firms
Used in a Sentence
microeconomics
How to use microeconomics in a sentence. Example sentences and definitions for microeconomics.
Editorial note
An introductory text - thank you, but I've taken microeconomics in college.
Examples8
Definitions1
Parts of speech1
Quick take
the branch of economics that studies the economy of consumers or households or individual firms
Meaning at a glance
The clearest senses and uses of microeconomics gathered in one view.
Definitions
Core meanings and parts of speech for microeconomics.
noun
the branch of economics that studies the economy of consumers or households or individual firms
Example sentences
An introductory text - thank you, but I've taken microeconomics in college.
If we think microeconomics for a moment: healthcare for distressed infants could be a textbook example of inelastic demand.
> the point is basic principles applyYou make the common mistake of assuming macroeconomics is just microeconomics at scale.
A lot of microeconomics is also very emprical, and even has a lot of experimental control mechanisms for which macroeconomics does not. Still, we can accept these ideas as true beyond any reasonable doubt.
#6 - Softwares primary function is to earn profits NO, that's the company's primary function, and it's a freaking big difference, especially when you think about the laws of microeconomics.
This blog post doesn't do Creativity much justice, especially this nice little summary quote at the end:The best models come from biology, physics, mathematics, microeconomics and psychology.
If you actually cared about understanding supply and demand you would know:“supply and demand" is really a theorem about microeconomics and you’re on shaky ground when you start trying to apply it to macro phenomena.
Even though it uses similar terminology, macroeconomics is fundamentally different[2] from microeconomics at its core.
Frequently asked questions
Short answers drawn from the clearest meanings and examples for this word.
How do you use microeconomics in a sentence?
An introductory text - thank you, but I've taken microeconomics in college.
What does microeconomics mean?
the branch of economics that studies the economy of consumers or households or individual firms
What part of speech is microeconomics?
microeconomics is commonly used as noun.