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Definitions from WordNet

Definitions from the Web

Term: Microeconomics

Description:

Microeconomics is a branch of economics that focuses on the behavior of individual economic agents, such as individuals, households, and firms. It examines their decision-making processes regarding the allocation of scarce resources and the interactions between supply and demand in specific markets.

Sample Sentences:

1. Noun: Microeconomics teaches us how individual consumers make choices when faced with limited income.

2. Adjective: The microeconomic analysis suggested that the current market conditions favored the expansion of small businesses.

3. Adverb: The company's profits increased microeconomically as they implemented cost-cutting measures.

Possible Related Products:

• Microeconomics Textbooks
• Microeconomics Principles
• Microeconomics Study Guides