2 TermsHome > Terms > Armenian (HY) > միկրոէկոնոմիկա, միկրոտնտեսագիտություն
միկրոէկոնոմիկա, միկրոտնտեսագիտություն
The study of the individual pieces that together make an economy. Contrast with macroeconomics, the study of economy-wide phenomena such as growth, inflation and unemployment. Microeconomics considers issues such as how households reach decisions about consumption and saving, how firms set a price for their output, whether privatization improves efficiency, whether a particular market has enough competition in it and how the market for labor works.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
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