Economy
Definition, Meaning & Examples
Pronunciation /ɪˈkɒ.nə.mi/ · Part of speech noun
Quick meaning: Economy is a noun meaning Effective management of a community or system, or especially its resources.
Meaning
Effective management of a community or system, or especially its resources.
More Meanings
- The study of money, currency and trade, and the efficient use of resources.
- Frugal use of resources.
- The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
- (theology) The method of divine government of the world. (See Economy (religion) on Wikipedia.Wikipedia .)
- (US) The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.
- Cheap to run; using minimal resources; representing good value for money; economical.
- (archaic) Management of one’s residency.
Example Sentences
Economy size.
economy of word
He bought an economy car.
The economy of God is in Jesus Christ alone.
Word Forms
- economies
Synonyms for economy
Depending on context, synonyms include saving, thriftiness.
Related Words
Related dictionary entries include saving, thriftiness, economics, management, affordability, exchequer.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.