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microeconomics
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The answer MICROECONOMICS has 0 possible clue(s) in existing crosswords.
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Definitions of microeconomics in various dictionaries:
noun - the branch of economics that studies the economy of consumers or households or individual firms
The study of the operations of the components of a national economy, such as individual firms, households, and consumers.
MICROECONOMICS - Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decis...
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Possible Dictionary Clues |
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The study of the operations of the components of a national economy, such as individual firms, households, and consumers. |
the branch of economics that studies the economy of consumers or households or individual firms |
the study of the economic problems of businesses and people and the way particular parts of an economy behave |
the part of economics that studies individual markets and businesses, or how individual people spend or earn money: |
Microeconomics description |
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Microeconomics (from Greek prefix mikro- meaning "small") is a branch of 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.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. * Microeconomics stands in contrast to macroeconomics, which involves "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 the aforementioned aspects of the economy. Particularly in the wake of the Lucas critique, much of modern macroeconomic theory has been built upon microfoundations—i.e. based upon basic assumptions about micro-level behavior. |