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microeconomics |
Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia, Hutchinson | 0.09 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. microeconomics the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them www.helsinki.fi/WebEc/webecd.html 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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The microeconomists, that is to say management theorists who focus on the individual firm, have also joined the fray. Judith Roberts, managing director in Huron's Disputes and Investigations practice, is an applied microeconomist with more than 15 years of combined academic and nonacademic experience. Professor Wesley Wilson, of the University of Oregon, Department of Economics, is a microeconomist who works in empirical models of industrial organization. |
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