Meaning of microeconomy | Babel Free

Definitions

A very small economy.

Equivalents

Examples

“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.”

CEFR level