economy

e·con·o·my  (-kn-m)

n. pl. e·con·o·mies

1.

a. Careful, thrifty management of resources, such as money, materials, or labor: learned to practice economy in making out the household budget.

b. An example or result of such management; a saving.

2.

a. The system or range of economic activity in a country, region, or community: Effects of inflation were felt at every level of the economy.

b. A specific type of economic system: an industrial economy; a planned economy.

3. An orderly, functional arrangement of parts; an organized system: "the sense that there is a moral economy in the world, that good is rewarded and evil is punished" George F. Will.

4. Efficient, sparing, or conservative use: wrote with an economy of language.

5. The least expensive class of accommodations, especially on an airplane.

6. Theology The method of God's government of and activity within the world.

adj.

Economical or inexpensive to buy or use: an economy car; an economy motel.

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[Middle English yconomye, management of a household, from Latin oeconomia, from Greek oikonomi, from oikonomos, manager of a household : oikos, house; see weik-¹ in Indo-European roots + nemein, to allot, manage; see nem- in Indo-European roots.]

Word History: Managing an economy has at least an etymological justification. The word economy can be traced back to the Greek word oikonomos, "one who manages a household," derived from oikos, "house," and nemein, "to manage." From oikonomos was derived oikonom, which had not only the sense "management of a houseold or family" but also senses such as "thrift," "direction," "administration," "arrangement," and "public revenue of a state." The first recorded sense of our word economy, found in a work possibly composed in 1440, is "the management of economic affairs," in this case, of a monastery. Economy is later recorded in other senses shared by oikonomi in Greek, including "thrift" and "administration." What is probably our most frequently used current sense, "the economic system of a country or an area," seems not to have developed until the 19th or 20th century.

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economy

Noun

pl -mies

1. the system by which the production, distribution, and consumption of goods and services is organized in a country or community: the rural economy

2. the ability of a country to generate wealth through business and industry: unless the economy improves, more jobs will be lost

3. careful use of money or resources to save expense, time, or energy

4. an instance of this: we can make economies by reusing envelopes

Adjective

1. denoting a class of air travel that is cheaper than first-class

2. offering a larger quantity for a lower price: an economy pack [Greek oikos house + nemein to manage]

Thesaurus

Noun	1.	economy - the system of production and distribution and consumption economic system sector - a social group that forms part of the society or the economy; "the public sector" black economy - a hidden sector of the economy where private cash transactions go unreported; "no one knows how large the black economy really is" industrialism - an economic system built on large industries rather than on agriculture or craftsmanship free enterprise, laissez-faire economy, market economy, private enterprise - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices mixed economy - an economic system that combines private and state enterprises non-market economy - an economy that is not a market economy state capitalism - an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production state socialism - an economic system in which the government owns most means of production but some degree of private capitalism is allowed system, scheme - a group of independent but interrelated elements comprising a unified whole; "a vast system of production and distribution and consumption keep the country going"
	2.	economy - the efficient use of resources; "economy of effort" efficiency - skillfulness in avoiding wasted time and effort; "she did the work with great efficiency"
	3.	economy - frugality in the expenditure of money or resources; "the Scots are famous for their economy" thriftiness frugality, frugalness - prudence in avoiding waste
	4.	economy - an act of economizing; reduction in cost; "it was a small economy to walk to work every day"; "there was a saving of 50 cents" saving action - something done (usually as opposed to something said); "there were stories of murders and other unnatural actions" downsizing, retrenchment, curtailment - the reduction of expenditures in order to become financially stable economy of scale - the saving in cost of production that is due to mass production

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economy

noun 1. financial system, financial state

2. thrift, saving, restraint, prudence, providence, husbandry, retrenchment, frugality, parsimony, thriftiness, sparingness

Translations

economy [ɪˈkɔnəmɪ] n → economía;

economies of scale → economías fpl de escala

economy [ɪˈkɔnəmɪ] n → économie f;

economies of scale → économies d'échelle

economy [ɪˈkɔnəmɪ] n → Wirtschaft f;

(financial prudence) → Sparsamkeit f;

economies of scale (Comm) → Einsparungen pl durch erhöhte Produktion

economy [ɪˈkɔnəmɪ] n → economia;

economies of scale (COMM) → economie fpl di scala

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economy

n economy [iˈkonəmi]

1 the thrifty, careful management of money etc to avoid waste Please use the water with economy; We must make economies in household spending.skaalbesparing, spaarsamigإقْتِصاد، عَدَم التَّبْذير، تَدْبيرикономияšetrnost; hospodárnostøkonomidie Sparsamkeitοικονομίαeconomíakokkuhoidصرفه جوییsäästäväisyyséconomieחִסָכוֹןअर्थप्रबंधनštednjatakarékosságekonomihagsÿnieconomia, parsimonia節約절약taupumastaupība; ekonomijajimatbezuinigingøkonomi, sparsomhetoszczędnośćeconomiaeco­nomieэкономияšetrnosť, úspornosťvarčevanještedljivostekonomi, sparsamhet, hushållningการประหยัด; เศรษฐศาสตร์ekonomi, iktisat節約ощадливість, економністьمال کا محتاط استعمال ، صرف میں کفالتsự kiểm soát và quản lý tiền节约

2 organization of money and resources the country's economy; household economy.ekonomieإقْتِصاد الدَّوْلَهикономикаekonomieøkonomidie Wirtschaftοικονομία, οικονομικός προγραμματισμός στο νοικοκυριόeconomíamajandusاقتصادtalouséconomieכַּלכָּלָהअर्थव्यवस्थाgospodarstvo(köz)gazdaságekonomifjármál; efnahagslífeconomia経済경제 (기구)ūkis, ekonomikasaimniecība; saimniekošana; ekonomikaekonomieconomiesamfunnsøkonomi, husholdninggospodarkaeconomiaeco­­­no­mieэкономикаekonómiagospodarstvoekonomijaekonomiองค์กรทางการเงินและทรัพยากรekonomi, ekonomik düzen經濟господарство; економікаوسائل اور مال کے استعمال کا کوئی خاص نظامkinh tế经济

adj economic [iːkəˈnomik]

1 of or concerned with (an) economy the country's economic future.ekonomieseإقْتِصاديикономическиhospodářskýøkonomisk; økonomi-wirtschaftlichοικονομικόςeconómicomajanduslik, majandus-اقتصادیtaloudellinenéconomiqueכַּלכָּלִיकिसी देश के आर्थिक भविष्य से संबंधितgospodarski(köz)gazdaságimengenai ekonomihagfræðilegureconomico経済の경제상의ekonominisekonomikas-ekonomieconomischsamfunnsøkonomiskekonomicznyeconómicoeconomicэкономическийhospodárskygospodarskiekonomskiekonomiskเกี่ยวกับเศรษฐศาสตร์ekonomik經濟上的економічний; господарськийمعاشیات سے متعلقthuộc về kinh tế经济上的

2 likely to bring a profit an economic rent.ekonomiesإقْتِصادي، مُرْبِحрентабиленvýnosnýindbringende; lønsomwirtschaftlichσυμφέρων, κερδοφόροςrentablemajanduslikult tasuvباصرفه؛ سودآورtaloudellisesti kannattavarentableחסכניलाभदायकrentabilangazdaságosmenguntungkanhagstæður; arðsamurredditizio実利的な이익이 남는pelningas, rentabilusrentablsuntungrendabelsom kan lønne seg, rentabel, lønnsomkorzystnyeconómicorentabilрентабельныйvýnosnýdonosenrentabilanekonomisk, som lönar sigมีกำไรekonomik, hesaplı盈利的економний, ощадливийمنافع دلانے والاđược hoạch định để mang lại lợi tức盈利的

adj economical [iːkəˈnomikəl]

thrifty; not extravagant This car is very economical on petrol.ekonomiesمُقْتَصِدпестеливúspornýøkonomisksparsamοικονομικός, ολιγοδάπανοςeconómico, ahorradorsäästlikکم مصرف؛ صرفه جوtaloudellinenéconome; économiqueחֶסכוֹנִיअल्पव्यय सम्बन्धीekonomičan, štedljivtakarékos; gazdaságosiritsparsamureconomico, (che fa risparmiare)経済的な검소한, 절약되는ekonomiškastaupīgs; ekonomisksjimatzuinigbesparende, økonomisk, sparsomoszczędnypoupadocare face economie (de)экономный; экономичныйúspornýgospodarenekonomičanekonomisk, sparsam, dryg, snålประหยัดekonomik, hesaplı, tutumlu節約的економний, ощадливийبا کفایتtiết kiệm节约的

adv ˌecoˈnomically

spaarsamigإقْتِصادِيّاикономичноhospodárněøkonomisktwirtschaftlichοικονομικά, φθηνάeconómicamentesäästlikultاز نظر اقتصادیtaloudellisestiéconomiquementבְּחִיסָכוֹןकम खर्चे मेंštedljivotakarékosan; gazdaságosansecara ekonomishagfræðilega; sparlegaeconomicamente経済的に절약하여, 경제상ekonomiškaitaupīgi; ekonomiskidengan jimatzuinigøkonomisk, sparsomtekonomicznieeconomicamente(din punct de ve­de­re) economicэкономноhospodárnegospodarnoekonomičnoekonomisktอย่างประหยัดekonomik olarak, tutumluca節約地економноمعاشی نظریہ سےvề mặt kinh tế节约地

n sg economics [iːkəˈnomiks]

the study of production and distribution of money and goods He is studying economics.ekonomieعِلْم الأقْتِصادикономикаekonomieøkonomidie Volkswirtschaftοικονομία, οικονομική επιστήμηeconomíamajandusteadusعلم اقتصادtaloustiedeéconomie politiqueכַּלכָּלָהअर्थशास्त्रekonomijaközgazdaság-tudományilmu ekonomieconomia経済学경제학ekonomikaekonomikaekonomieconomiesosialøkonomiekonomikaeconomiaeco­no­mie politicăэкономикаekonómiaekonomijaekonomijaekonomiวิชาเศรษฐศาสตร์ekonomi bilimi, iktisat經濟學економікаعلم المعیشتkinh tế học经济学

n eˈconomist

a person who is an expert in economics. ekonoomعالِم إقْتِصادикономистekonom, -kaøkonomder/die Volkswirtschaftler(in)οικονομολόγοςeconomistamajandusteadlaneاقتصاد دانtaloustieteilijäéconomisteכַּלכָּלָןअर्थशास्त्रीekonomistközgazdászahli ekonomihagfræðingureconomista経済学者경제학자ekonomistasekonomistsahli ekonomieconoomsosialøkonomekonomistaeconomistaeconomistэкономистekonóm, -kaekonomistekonomistaekonomนักเศรษฐศาสตร์ekonomist, iktisatçı經濟學家економістاقتصادیات کا عالمnhà kinh tế học经济学家

v eˈconomize, *eˈconomise

to spend money or goods carefully We must economize on fuel.besuinig, versoberيَقْتَصِد، يُوَفِّر، يَدَّخِرикономисвамšetřitøkonomiseresparenκάνω οικονομίαeconomizarkokku hoidmaصرفه جویی کردنsäästääéconomiserלַחֲסוֹךकम खर्चे में करनाštedititakarékosan bánik (vmivel)menghematspara, fara sparlega meðfare economia, risparmiare節約する절약하다taupytitaupītbercermatbezuinigenspare, være sparsommeligoszczędzaćeconomizara economisi, a face economie (de)экономитьšetriťvarčevatištedetispara på, hushålla medใช้จ่ายอย่างประหยัดiktisat yapmak, idareli harcamak節約економити, заощаджуватиکفایت سے کام لیناtiết kiệm节约