Microeconomics is sometimes called Price Theory. Perhaps the best name for it would be Individual Economic Decision Making, though that's a tad cumbersome.
Microeconomics is concerned with the economic decision making
of individual decision makers and the effects of these decisions
on the economy and society. By individual we mean any entity
(be it a household, a business, or even a nation), that can be thought
of as a single economic decision maker. Though it would seem
to mean small, micro- here means individual.
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