Definition of Microeconomics

a division in economics which focuses on the smaller aspects of economics like the singular customers

Examples of Microeconomics in a sentence

After studying microeconomics, the class had a test with situational questions about the influence money had on individuals.  🔊

Based on microeconomics, economists can determine how the increase in the cost of vegetables at the local market can influence a citizen’s budget.  🔊

Analyzing the graph pertaining to microeconomics, the statistician could figure out how a financial problem would affect only a few people in the population.  🔊

In order to solve the problem about the economy, the business analyst determined that microeconomics would play a part in the personal financial struggles of each citizen.  🔊

Using microeconomics, the young local company determined how to spend its budget wisely so it would not lose any money.  🔊

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