Two of the major approaches in economics are named the classical and Keynesian approaches. Classical economists believe that markets function very well, will quickly react to any changes in equilibrium and that a laissez faire government policy works best.
Micro- (symbol Î¼) is a unit prefix in the metric system denoting a factor of 10â6 (one millionth). Confirmed in 1960, the prefix comes from the Greek Î¼Î¹ÎºÏÏÏ (mikrÃ³s), meaning small. The symbol for the prefix comes from the Greek letter Î¼ (mu).
Micro: Mini, small, tiny. Micro is also a term used in the RTS Starcraft, as a term for modified unit control. Micro can also refer to the descriptions of micro-organisms. Micro as a unit of measurement is defined as: One millionth..