microeconomy

English

Etymology

micro- +‎ economy

Noun

microeconomy (plural microeconomies)

1. A very small economy.
   • 2007 October 21, Adam Hochschild, “Voyage of the Damned”, in New York Times‎^[1]:

     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.