1. the branch of economics that studies the behavior of individual consumers, workers, and firms, and how they make decisions about production and consumption.
Usage: typically used as an uncountable noun; contrasts with macroeconomics

Examples

• Microeconomics examines how a single company decides what price to charge for its products.
• In microeconomics, we study supply and demand at the level of individual markets.
• The course covers microeconomics topics such as consumer choice and firm behavior.
• Microeconomics helps explain why some workers earn higher wages than others.
• Understanding microeconomics is essential for business students and economists.
• Microeconomics focuses on how households allocate their limited budgets across different goods.