
Rod B. answered 05/23/19
Stanford / Harvard Tutor in Microeconomics. 30+ years experience.
Let us suppose that you have to analyze an industry. It could be the automobile industry, the health industry or the ice cream industry.
Micro economic indicators should describe the supply (producers, sellers) and consumers of a certain industry. Examples could be: products, price level, number of producers, consumer characteristics, market concentration indexes (to see if there is a monopoly, oligopoly, perfect competition or monopolistic competition), barriers to entry and exit, distribution channels, international trade.