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microeconomics
(redirected from Microeconomy)

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microeconomics

Study 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.


microeconomics
the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them
www.helsinki.fi/WebEc/webecd.html


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Each microeconomy values the scraps differently; some put more stock in barter than in cash.
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.
Quoted also in the Bloomberg story, the problem is aptly summed up by a Mexican telecommunications executive this way: "The macroeconomy is good, but the microeconomy is bad.
 
 
 
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