 economy |
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| 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 | |
| Examples: | "the Scots are famous for their economy" |
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| Related terms: | frugality save | |
| 3. | [ noun ] (work) the efficient use of resources | |
| Examples: | "economy of effort" |
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| Related terms: | efficiency save | |
| 4. | [ noun ] an act of economizing; reduction in cost | |
| Synonyms: | saving | |
| Examples: | "it was a small economy to walk to work every day" or "there was a saving of 50 cents" |
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| Related terms: | action retrenchment economies_of_scale economy_of_scale save | |
| Similar spelling: |
economic economize economist economise economics economizer economiser economical |
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