microeconomic (Meaning)
Wordnet
microeconomic (a)
of or relating to microeconomics
Synonyms & Antonyms of microeconomic
No Synonyms and anytonyms found
microeconomic Sentence Examples
- Microeconomic factors, such as individual income and consumer preferences, heavily influence market demand.
- Microeconomic theory examines how households, firms, and individuals interact in specific markets.
- The microeconomic concept of diminishing marginal utility explains why consumers consume less of a good as the price rises.
- Government policies aimed at improving microeconomic efficiency often focus on reducing transaction costs and enhancing competition.
- Microeconomic models help economists analyze how market equilibrium is achieved and the impact of supply and demand imbalances.
- Microeconomic analysis can identify market failures, where the free market fails to allocate resources efficiently.
- Microeconomic fundamentals, such as marginal cost and marginal revenue, guide firm decisions in pricing and output levels.
- The microeconomic study of labor markets investigates factors that determine wages, employment levels, and labor productivity.
- Microeconomic policies can stimulate economic growth by encouraging innovation, reducing barriers to entry, and promoting entrepreneurship.
- Microeconomic models are essential tools for understanding the behavior of consumers, firms, and markets, and their impact on the overall economy.
FAQs About the word microeconomic
of or relating to microeconomics
No synonyms found.
No antonyms found.
Microeconomic factors, such as individual income and consumer preferences, heavily influence market demand.
Microeconomic theory examines how households, firms, and individuals interact in specific markets.
The microeconomic concept of diminishing marginal utility explains why consumers consume less of a good as the price rises.
Government policies aimed at improving microeconomic efficiency often focus on reducing transaction costs and enhancing competition.
