Microeconomics

[PussyCat]

The part of economics concerned with single factors and the effects of individual decisions.

[Julene]

Study of the behavior of basic economic [units] such as companies, industries, or households. Research on the companies in the [airline] industry would be a microeconomic [concern], for instance.

[Jessica]

the study of the economic problems of businesses and people and the way particular parts of an economy behave