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Meaning of microeconomics

mi•cro•ec•o•nom•ics

Pronunciation: (mī"krō-ek"u-nom'iks, -ē"ku-), [key]
— n. (used with a sing. v.)
  1. the branch of economics dealing with particular aspects of an economy, as the price-cost relationship of a firm. Cf.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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