economy


Also found in: Thesaurus, Medical, Legal, Financial, Acronyms, Idioms, Encyclopedia, Wikipedia.
Related to economy: World economy

e·con·o·my

 (ĭ-kŏn′ə-mē)
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 a commercial conveyance, such as 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.

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

economy

(ɪˈkɒnəmɪ)
n, pl -mies
1. careful management of resources to avoid unnecessary expenditure or waste; thrift
2. a means or instance of this; saving
3. sparing, restrained, or efficient use, esp to achieve the maximum effect for the minimum effort: economy of language.
4. (Economics)
a. the complex of human activities concerned with the production, distribution, and consumption of goods and services
b. a particular type or branch of such production, distribution, and consumption: a socialist economy; an agricultural economy.
5. (Economics) the management of the resources, finances, income, and expenditure of a community, business enterprise, etc
6. (Aeronautics)
a. a class of travel in aircraft, providing less luxurious accommodation than first class at a lower fare
b. (as modifier): economy class.
7. (modifier) offering or purporting to offer a larger quantity for a lower price: economy pack.
8. the orderly interplay between the parts of a system or structure: the economy of nature.
9. (Philosophy) philosophy the principle that, of two competing theories, the one with less ontological presupposition is to be preferred
10. archaic the management of household affairs; domestic economy
[C16: via Latin from Greek oikonomia domestic management, from oikos house + -nomia, from nemein to manage]

e•con•o•my

(ɪˈkɒn ə mi)

n., pl. -mies,
adj. n.
1. thrifty management; frugality in the expenditure or consumption of money, materials, etc.
2. an act or means of thrifty saving: Walking to work is one of my economies.
3. the management of the resources of a community, country, etc., esp. with a view to its productivity.
4. the prosperity or earnings of a place.
5. the disposition or regulation of the parts or functions of any organic whole; an organized system.
6. the efficient or sparing use of something: economy of motion.
adj.
8. intended or designed to save money: an economy car.
[1520–30; (< Middle French economie) < Latin oeconomia < Greek oikonomíā household management =oîko(s) house + -nomia -nomy]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.economy - the system of production and distribution and consumptioneconomy - the system of production and distribution and consumption
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"
frugality, frugalness - prudence in avoiding waste
4.economy - an act of economizingeconomy - 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"
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

economy

noun
1. financial system, financial state Africa's most industrialized economy
2. thrift, saving, restraint, prudence, providence, husbandry, retrenchment, frugality, parsimony, thriftiness, sparingness They have achieved quite remarkable effects with great economy of means.
Quotations
"Economy is going without something you do want in case you should, some day, want something you probably won't want" [Anthony Hope The Dolly Dialogues]
"Everybody is always in favour of general economy and particular expenditure" [Anthony Eden]
Proverbs
"Cut your coat according to your cloth"

economy

noun
Careful use of material resources:
Translations
إقْتِصاد الدَّوْلَهإقْتِصاد، عَدَم التَّبْذير، تَدْبيراقتصادالاِقْتِصَاد
ekonomikaúspornost
økonomi
talouselämä
ekonomija
közgazdaság
fjármál; efnahagslífhagsÿni
経済
경제
ekonomikaekonominisekonomiškaiekonomiškasekonomistas
ekonomijaekonomikasaimniecībasaimniekošanataupība
úspornosť
gospodarstvovarčevanje
privredaпривреда
ekonomi
เศรษฐกิจ
ekonomiekonomik düzeniktisat
nền kinh tế

economy

[ɪˈkɒnəmɪ]
A. N
1. (= thrift) → economía f; (= a saving) → ahorro m
economy of scaleeconomía f de escala
to make economieseconomizar, ahorrar
2. (= system) → economía f
B. CPD economy class Nclase f económica or turista
economy class syndrome Nsíndrome m de la clase turista
economy drive N to have an economy driveeconomizar, ahorrar
economy pack N (Comm) → envase m familiar
economy size Ntamaño m familiar

economy

[ɪˈkɒnəmi]
n
(= system) [country, area] → économie f
(= saving) → économie f
to make economies → faire des économies economy measure
(= thriftiness) → économie f
economy with words → économie de mots
modif (AVIATION) [airfare, seats] → en classe économique; [passengers, rate] → de classe économiqueeconomy class
nclasse f économique
to fly economy class → voyager en classe économique
in economy class → en classe économique
modif [ticket, fare] → en classe économiqueeconomy-class syndrome nsyndrome m de la classe économiqueeconomy drive n [government, firm] → restrictions fpl budgétaireseconomy measure nmesure f économiqueeconomy pack npaquet m économiqueeconomy size ntaille f économique

economy

n
(system) → Wirtschaft f no pl; (from a monetary aspect) → Konjunktur f; what is the state of the economy?wie ist die Wirtschaftslage/Konjunktur?
(= saving: in time, money) → Sparmaßnahme f, → Einsparung f; fuel economygeringer Kraftstoffverbrauch; a false economyfalsche Sparsamkeit; economies of scaleEinsparungen pldurch erhöhte Produktion; to make economieszu Sparmaßnahmen greifen, Einsparungen machen
(= thrift)Sparsamkeit f; to practise (Brit) or practice (US) economySparsamkeit walten lassen; economy of language/expressionknappe Sprache/Ausdrucksweise; with economy of effortmit sparsamem Kräfteaufwand

economy

:
economy class
economy drive
nSparmaßnahmen pl; we’ll have to have an economywir werden Sparmaßnahmen ergreifen müssen
economy rate
nSpartarif m
economy size
nSparpackung f

economy

[ɪˈkɒnəmɪ] n (all senses) → economia
we must make economies → dobbiamo fare economia

economy

(iˈkonəmi) noun
1. the thrifty, careful management of money etc to avoid waste. Please use the water with economy; We must make economies in household spending.
2. organization of money and resources. the country's economy; household economy.
economic (iːkəˈnomik) adjective
1. of or concerned with (an) economy. the country's economic future.
2. likely to bring a profit. an economic rent.
economical (iːkəˈnomikəl) adjective
thrifty; not extravagant. This car is very economical on petrol.
ˌecoˈnomically adverb
economics (iːkəˈnomiks) noun singular
the study of production and distribution of money and goods. He is studying economics.
eˈconomist noun
a person who is an expert in economics.
eˈconomize, eˈconomise verb
to spend money or goods carefully. We must economize on fuel.

economy

الاِقْتِصَاد ekonomika økonomi Wirtschaft οικονομία economía talouselämä économie ekonomija economia 経済 경제 economie økonomi ekonomia economia экономия ekonomi เศรษฐกิจ ekonomi nền kinh tế 经济
References in classic literature ?
In the first place then, some one may doubt whether the getting of money is the same thing as economy, or whether it is a part of it, or something subservient to it; and if so, whether it is as the art of making shuttles is to the art of weaving, or the art of making brass to that of statue founding, for they are not of the same service; for the one supplies the tools, the other the matter: by the matter I mean the subject out of which the work is finished, as wool for the cloth and brass for the statue.
Advantage of the Union in Respect to Economy in Government For the Independent Journal.
Raised in unrivalled prosperity, we inherit an economy that is still the world's strongest, but is weakened by business failures, stagnant wages, increasing inequality, and deep divisions among OUR OWN people.
Then, Clara, as to the PRICE I have paid for this handkerchief," she said, "you ought to remember what the laws of political economy lay down on such subjects.
This economy enabled him to buy a satisfactory decision when the cause of the quarrel was submitted to arbitration.
The author's economy, and happy life, among the Houyhnhnms.
Weston came as an expected guest, welcome at all times, and never deranging the economy of our household affairs.
Political economy told him that the laws by which the wealth of Europe had been developed, and was developing, were universal and unvarying.
Pardon me, sire, it was I who had the honor of giving monsieur le cardinal the idea of an economy which puts three hundred thousand francs a year into your majesty's coffers.
And yet the former history continues to be studied side by side with the laws of statistics, geography, political economy, comparative philology, and geology, which directly contradict its assumptions.
There's a total disregard of the first claims of prudence and economy implied in this small slip of paper which is nothing less than a flat contradiction of the principles that have governed my whole life.
Do you understand Political Economy and the Laws of Supply and Demand?