microeconomics

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microeconomics

the branch of economics concerned with particular commodities, firms, or individuals and the economic relationships between them
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References in periodicals archive ?
The vast majority of Mexico's consumers (and voters), of course, are part of the microeconomy. They are worried about jobs for two reasons.
The structure of an Arctic microeconomy: The traditional sector in community economic development.
The growth was mainly due to stable and continued macroeconomic policies, continued strengthening of microeconomy and a positive effect of the continued role of the World Trade Organization.
He said: ``There is now a microeconomy on Merseyside of low tax increases which we can take credit for because all the other authorities are looking over their shoulders terrified at what wehaveachieved.
There are only 5,000 megayachts (vessels at least 80 feet long) in the world, but their scale makes each its own microeconomy. It is estimated that 250 new megayachts enter the industry annually and that 20% of the total fleet travels through South Florida every year.
The weekly claims that the Flores administration has based its policies on the erroneous notion that national productivity rests on macroeconomic indicators and not on the microeconomy. The weekly suggests that El Salvador's low wages are a product of a flawed economic structure, in which the concentration of wealth impedes competition and the development of domestic markets.
These successes, along with donor enthusiasm for the potential of microfinance to help alleviate poverty, paved the way for the establishment of second-generation credit policies aimed toward the development of the microeconomy by providing credit for investment into microenterprise.
It is more likely that the principal consequences of the "new economy" will be found in the microeconomy, and that they will be accompanied by important changes in the underpinnings--property rights, institutions, "rules of the game"--that governments must provide if market economies are to function well.
In many ways, Rationing Education (Gillborn & Youdell, 2000) provides what might be called a microeconomy of school life.
Further, the basic data generated by the agents in the microeconomy, the individual consumers, traders, investors, and so forth, are not usually observed.
The Walrasian vision of the microeconomy. An elementary exposition of the structure of modern general equilibrium theory.
Economics explains this coherence by attempts to identify the microeconomic foundations of the macroeconomy (15)--the macroeconomy is treated effectively as an aggregated microeconomy. "Adding up" micro level outcomes and systematically ignoring relational complexities at and between economic levels is seen as unproblematic by (at least) neo classical economics.