economy

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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 periodicals archive ?
The economic benefits of higher economies of scope also strongly suggest that investment in AMT is akin to an investment in a strategic option that expands the firm's strategic flexibility (Sanchez 1991; Sharp 1991; Bowman and Hurry 1993).
Economies of Scope The economic literature on production and costs also identifies economies of scope as a reason for performing two operations, which technically could stand alone, on a joint basis (Baumol 1977).
Second, policy should focus more on the possibility of achieving economies of scope in networks rather than simply on scale economies.
The new design and manufacturing technologies that allow for high levels of variety at low cost create economies of scope as well as scale.
This is the most common use of the term "economies of scope." For instance, a single electronic connection to a Reserve Bank can allow a customer to use ACH services and other electronic services, including new electronic check-collection options.
Institutional path dependence exists because of the network externalities, economies of scope, and complementarities that exist with a given institutional matrix.
Focus efficiency is related to the idea of economies of scope but does not restrict the production of multiple services to be either fully joint or completely orthogonal.
They should, therefore, be particularly well-placed to realize economies of scope. Fixed inputs which can be shared in pursuit of scope economies include computing facilities, central administrative staff and decentralized area offices (Grosskopf and Yaisawamg, 1990).
These funeral homes reduced their costs by producing more than just funerals, a phenomenon that economists call economies of scope. Funeral homes that also sold furniture or hauled freight could lower their costs by keeping their capital and labor busy-no twiddling of thumbs or idle woodshops waiting for someone to die.
reductions in the average cost of a hospital bed as the number of beds increases) and economies of scope (reductions in average costs as the range of services increases).
* Economies of scope between operation of the network and provision of the complementary good (i.e., the economies of vertical operation that would be forgone with vertical separation);
In the second period, the presence of two children, of different ages and with different needs, but both requiring some supervision time, raises the issue of economies of scope in childcare.

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