Microeconomic (adjective)

1. Relating to microeconomics, the study of the behavior and decision making of individual consumers and firms in the marketplace.
2. Of or relating to a small or individual unit of an economy, such as a single firm or household.

Origin:

Derived from the greek words 'mikros' meaning 'small' and 'oikonomia' meaning 'management of a household or administration of resources'.

Examples:

1. The microeconomic theory states that individuals make rational choices in the marketplace.
2. The microeconomic data showed that small businesses were the engines of job growth in the economy.
3. The microeconomic factors that influence consumer behavior include income, tastes, and expectations.
4. The microeconomic analysis of the industry showed that smaller firms were more profitable than larger ones.
5. The microeconomic policy aimed at promoting competition and reducing barriers to entry for small businesses.