The term “Micro” comes from the Greek words micro (small) and economics (the study of economy). For example, there are many things that are not microeconomically important like a flower is considered to be small by some standards but would be considered very important by others. The same is true with microeconomic concepts such as markets, micro-prices, micro-markets, micro-entrepreneurs, etc. When people use these concepts in their day-to-day life it is called microeconomics.
Micro-economic theory is also known as macroeconomics. This is because in micro economies the size of a market or firm will not be related to the size of the economy and in macro economies the size of a firm will be related to the size of the economy. However, these two terms can be used interchangeably. The concept of the micro economy can be used to describe any economic situation in which there is a small number of people or a small number of industries and no other factors to which the economy is sensitive. Micro-economics can be used to describe any economic situation in which there are a large number of people and industries and other factors to which the economy is sensitive.
Micro-Economism is an economic theory that is characterized by the concept of a micro-economic environment. This environment is one in which a lot of small factors have a great effect on the economic behavior of the economy. These factors are generally unimportant to the economy and have little or no effect on the overall state of the economy. This is because in such a microenvironment the economic activity is directed towards the small effects of these small factors.
The micro-economic environment is called micro-economy if the economy of the micro-environment consists of a single industry or a handful of industries. This micro-ecology has a relatively short term effect on the overall state of the economy. The micro economy is characterized by the fact that in a micro economy with the economies of the small groups are unrelated to each other and they are affected by the micro-ecology of the overall economy. A micro-ecology is an economic environment in which all economies are correlated. A micro-ecology can be compared to an ocean where the currents and weather patterns are in different areas are totally unrelated.
The micro-ecology of an economy can be compared to the ocean by looking at the effects of wind, weather, tides and sunlight on the organisms that live in the ocean. The organisms in the ocean will change with these factors and can affect the structure and dynamics of the ocean in ways that can have profound effects on the ecosystems.
The micro-ecology of the economy is also similar to the ocean in that it can affect the economy by causing certain industries to flourish while others become stagnant and fail to adapt to the changes in the environment. Economists view the micro-ecology of the economy as the real economy of the economy. By comparing the micro-ecology of the economy with the economy of an individual or small business to the overall economy a micro-ecology can be determined. In this way we can determine which industries are growing and which industries are stagnating in the economy.
Micro-economists argue that small economies, such as those found in the micro-ecology of a micro-ecology cannot provide sustainable economic growth. The reason for this is that, as more industries compete for scarce resources, the growth rate of the economy slows down significantly.
