microeconomy

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English[edit]

Etymology[edit]

micro- +‎ economy

Noun[edit]

microeconomy (plural microeconomies)

  1. A very small economy.
    • 2007 October 21, Adam Hochschild, “Voyage of the Damned”, New York Times:
      Rediker looks not at that bigger picture but at the slave ship itself, as a microeconomy where the captain was chief executive, jailer, accountant, paymaster and disciplinarian, exercising these roles by maintaining, from his spacious captain’s cabin in a very unspacious ship, the mystique of what later military leaders would call command isolation.