Microeconomics is a subset of economics that focuses on the actions of the individual participants in the economy, including individual consumers and businesses. Unlike macroeconomics, which focuses ...

Microeconomics is one of the major focus areas within the academic field of economics. While the scope and methods of microeconomics can be complex, its overall focus is relatively straightforward.

Brent Radcliffe has 10+ years of experience as both a digital marketing analyst and writer for Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, ...