Meaning of the word microstate in English

What does microstate mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

microstate

US /ˈmaɪkroʊˌsteɪt/
UK /ˈmaɪkrəʊˌsteɪt/

Noun

a sovereign state having a very small population or very small land area, or both

Example:
Vatican City is the smallest independent microstate in the world.
Many European microstates rely on tourism for their economy.