1. [ noun ] (economics) the system of production and distribution and consumption
Synonyms: economic_system
Related terms: system industrialism non-market_economy state_capitalism mixed_economy state_socialism market_economy sector black_economy
2. [ noun ] frugality in the expenditure of money or resources
Synonyms: thriftiness

"the Scots are famous for their economy"

Related terms: frugality save
3. [ noun ] (work) the efficient use of resources

"economy of effort"

Related terms: efficiency save
4. [ noun ] an act of economizing; reduction in cost
Synonyms: saving

"it was a small economy to walk to work every day" or "there was a saving of 50 cents"

Related terms: action retrenchment economies_of_scale economy_of_scale save
Similar spelling:   economic