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1. Dictionary

   economy

   /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 wealth(financial) resourcesfinancial systemfinancial statefinancial management
   • ▪ a particular system or stage of an economy: "a free-market economy"
   • 2. careful management of available resources: "fuel economy" Similar thriftprovidenceprudencethriftinesscanninesscarefulnesscaregood managementgood husbandrycareful budgetingeconomizingsavingscrimping and savingscrimpingrestraintfrugalityfuel-savingabstemiousnessmeannesspenny-pinchingmiserlinessniggardlinessparsimonyforehandednessinformal:stinginessrare:sparingnessfrugalnessOpposite extravagance
   • ▪ offering good value for money: "an economy pack of soap flakes"
   • ▪ sparing or careful use of something: "a technique based on economy of effort" Similar thriftprovidenceprudencethriftinesscanninesscarefulnesscaregood managementgood husbandrycareful budgetingeconomizingsavingscrimping and savingscrimpingrestraintfrugalityfuel-savingabstemiousnessmeannesspenny-pinchingmiserlinessniggardlinessparsimonyforehandednessinformal:stinginessrare:sparingnessfrugalnessOpposite extravagance
   • ▪ a financial saving: "there were many economies to be made by giving up our London offices"
   • ▪ the cheapest class of air or rail travel: "we flew economy"

   Word Origin late 15th century (in the sense ‘management of material resources’): from French économie, or via Latin from Greek oikonomia ‘household management’, based on oikos ‘house’ + nemein ‘manage’. Current senses date from the 17th century.

   Scrabble Points: 14

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2. www.investopedia.com › terms › eEconomy: What It Is, Types of Economies, Economic Indicators - ...

   www.investopedia.com › terms › e

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   May 16, 2024 · An economy is a system of interrelated production and consumption activities that ultimately determine the allocation of resources within a group. The production and...

3. www.merriam-webster.com › dictionary › economyEconomy Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › economy

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   The meaning of ECONOMY is the structure or conditions of economic life in a country, area, or period; also : an economic system. How to use economy in a sentence.

4. dictionary.cambridge.org › dictionary › englishECONOMY | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › dictionary › english

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   ECONOMY definition: 1. the system of trade and industry by which the wealth of a country is made and used: 2. the…. Learn more.

5. en.wikipedia.org › wiki › EconomyEconomy - Wikipedia

   en.wikipedia.org › wiki › Economy

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   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.

6. www.dictionary.com › browse › economyECONOMY Definition & Meaning | Dictionary.com

   www.dictionary.com › browse › economy

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   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.

7. www.oxfordlearnersdictionaries.com › definition › englisheconomy noun - Definition, pictures, pronunciation and usage...

   www.oxfordlearnersdictionaries.com › definition › english

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   /ɪˈkɒnəmi/ /ɪˈkɑːnəmi/ (plural economies) (often the economy) [countable] the relationship between production, trade and the supply of money in a particular country or region. The economy is in recession. The world economy is still suffering from the effects of the pandemic. Tourism clearly dominates the local economy.

8. www.investopedia.com › economy-4689801Economy - Investopedia

   www.investopedia.com › economy-4689801

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   4 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...