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microeconomics |
Also found in: Medical, Financial, Wikipedia, Hutchinson | 0.07 sec. |
microeconomicsStudy of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them. It considers individuals both as suppliers of land, labour, and capital and as the ultimate consumers of the final product, and it examines firms both as suppliers of products and as consumers of labour and capital. Microeconomics seeks to analyze the market or other mechanisms that establish relative prices among goods and services and allocate society's resources among their many possible uses. See also macroeconomics. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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We are known to be consumers in the macroeconomy, but BE facilitates the growth of business people in the black microeconomy, in every area of commerce. ``There is a lot of panic in the marketplace, and there is this No Child Left Behind microeconomy,'' said Lou Pugliese, chief executive at ETS Pulliam. |
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Microeconomy
