Microeconomics

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Microeconomics

Analysis of the behavior of individual economic units such as companies, industries, or households.

Microeconomics

The study of the behavior of individuals, companies, and industries. That is, macroeconomics studies economic decisions at the individual and small unit level. It does not look at the function of larger data sets like GDP or national debt. It is useful in helping determine what motivates individual buyers and sellers to do what they do. See also: Macroeconomics, Bottom-up investing.

microeconomics

the branch of economics concerned with the study of the behaviour of CONSUMERS and FIRMS and the determination of the market prices and quantities transacted of FACTOR INPUTS and GOODS and SERVICES. Microeconomic analysis investigates how scarce economic resources are allocated between alternative ends and seeks to identify the strategic determinants of an optimally efficient use of resources. See also THEORY OF CONSUMER BEHAVIOUR, THEORY OF THE FIRM, THEORY OF MARKETS, THEORY OF DEMAND, THEORY OF SUPPLY, MACROECONOMICS.
References in periodicals archive ?
Aboriginal Entrepreneurs in Canada: Progress and Prospects, was prepared by the Micro-Economic Policy Analysis Branch and Aboriginal Business Canada of Industry Canada.
Carruth and Oswald begin with a survey of micro-economic models of wage determination.
Global sentiment is driving the local bourses and investors are not paying attention to micro-economic issues," Arabi said.
When the checkout is viewed as a micro-economic model of the store, its true power as an engine for growth is revealed.
The SCP was introduced in 1979-1980 by the federal government as a means for promoting micro-economic development and the socio-economic welfare of the Scheduled Castes and Scheduled Tribes.
Khalid Al Zubair affirmed the importance of the availability of information, data and statistics of investment, trade and micro-economic to enhance bilateral trade and investment between the Sultanate and Turkey.
000 m2 of cleared ground have encouraged the local micro-economic and social growth, becoming a fundamental element for the whole country reconstruction process.
Designed for students and researchers in the field of nonlinear macro and micro-economic modelling, this book also includes analyses of delayed dynamical systems.
The wide range of topics covered from a micro-economic point of view, the great diversity among individual situations, and the use of both quantitative and qualitative information incline us to set up a questionnaire in order to collect a maximum of data in various topics of firm's strategic management, and to identify a large number of items correlated to competitiveness.
These categories have been established by means of indicators based on Eurostat data (macro-economic, micro-economic, employment) and has resulted in 11 groups of regions with comparable challenges and characteristics.
The factors outlined above are why the economic debate in Wales is dominated by micro-economic policy issues.
The UK comes third in the index of micro-economic competitiveness measures - the ability of an economy to make the most of its current resources, in terms of the sophistication of company operations and strategy.

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