microeconomically
Microeconomically is an adverb used to describe actions, analyses, or outcomes that are interpreted through the lens of microeconomics, the branch of economics that studies how individuals, households, and firms make decisions and how these decisions interact in markets for goods, services, and factors of production. It focuses on price formation, resource allocation, and the distribution of limited resources across competing uses.
The term is derived from microeconomics and the -ly suffix. It is often used to indicate that
Key concepts that are commonly described microeconomically include utility maximization under a budget constraint, profit maximization
Limitations of microeconomic reasoning include its assumptions of rational behavior and perfect information; it may understate