Definition

A person who studies how individuals and businesses make decisions about resources and how these decisions affect supply and demand in the economy.

Example

The microeconomist analyzed the impact of price changes on consumer behavior.

Conversation

Did you hear about the new microeconomist who joined our class?

Yeah, I heard they really know their stuff about market behaviors.

I hope they can explain things better than the last professor did.

For sure! I’m looking forward to their insights on consumer choices.

Synonyms & Antonyms

Root Explanation

Microeconomist → It is formed from "micro-" (from Greek "mikros", meaning small) and "economist" (from Greek "oikonomos", meaning one who manages a household or economy). A microeconomist studies the small-scale economic factors, such as individual consumers and businesses, within an economy.

Memory Tip

Think of 'micro-' meaning small, and 'economist' as someone who manages the economy. This helps you remember that a microeconomist focuses on the small parts of the economy.

Visually Confused Words