microeconomics
Pronunciation
Noun
B2 Upper-intermediate
Quick answer
The branch of economics that studies the decisions of individual people, households, and businesses, rather than the economy as a whole.
Synonyms and antonyms
Antonyms
Test yourself
Which word fits the gap? "_____ looks at questions like how a single firm sets its prices."
Answer: microeconomics
In your own words, what does "microeconomics" mean?
The branch of economics that studies the decisions of individual people, households, and businesses, rather than the economy as a whole.
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