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- Dictionaryeconomy/ɪˈkɒnəmi/
noun
- 1. the state of a country or region in terms of the production and consumption of goods and services and the supply of money: "he favours tax cuts to stimulate the economy" Similar
- 2. careful management of available resources: "fuel economy" Similar Opposite
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May 16, 2024 · An economy is a system of production, consumption, and exchange activities that determines how resources are allocated among participants. Learn about the different types of economies, such as market-based, command-based, and mixed, and the economic indicators that measure their performance.
Learn the various meanings and uses of the word economy, from the structure or conditions of economic life to the efficient use of resources. See synonyms, examples, word history, and related phrases of economy.
Learn the meaning of economy as a system of trade and industry, or as a saving of money, time, energy, etc. Find out how to use economy in different contexts and domains, with synonyms and related words.
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources.
An economy is everything involved in managing resources in a particular place. Resources are things known as goods and services. Goods are touchable things we can own, like food or cars. Services are work you can do for pay, such as cooking food at a restaurant or repairing a car at a garage.
Learn the meaning, pronunciation and usage of the word economy in English. Find out how to use economy as a noun to refer to the relationship between production, trade and money, or to the use of resources in a way that avoids waste.
3 days ago · The economy is the total of all activities related to the production, sale, distribution, exchange, and consumption of limited resources by a group of people living...
