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In a microeconomic sense, transportation involves relations between firms and individual consumers.
"If you look at politics back in the '70s, almost no politicians had any microeconomic sense at all.
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These contract models also did not make sense from a microeconomic standpoint since it was unclear why firms would use long-term contracts if they led to inefficiencies.
TIMMY: It's simply common sense, based on classic microeconomic-valuation modelling.
In microeconomic policy, Mr Brown has no such sense of fallibility.
Simply surveying patients with a single question about their expectations with respect to prescriptions, tests and referrals may conflate these two senses of expectation, and therefore not necessarily isolate the intended microeconomic phenomenon: which outcomes (if any) the patient desires or prefers as he or she enters the consultation.
In all of his budgets in these first three years, he has been a microeconomic meddler, tinkering around with an array of tax changes, some of which seemed to make little sense, others to make little difference.
Microeconomic failure is not macroeconomic failure.
The benefits of microeconomic reform were always oversold.
Now, let's reduce this theory to microeconomic reality.
But the "positive agenda" of microeconomic measures could speed up.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com