n. (used with a sing. verb)
The study of the operations of the components of a national economy, such as individual firms, households, and consumers.
microeconomic mi'cro·ec'o·nom'ic adj.
The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.