Meaning & Definition of Economy in English
English⟶
Economy
/ɪkɑnəmi/
noun
1. The system of production and distribution and consumption
synonym:
- economy,
- economic system
2. The efficient use of resources
- "Economy of effort"
synonym:
- economy
3. Frugality in the expenditure of money or resources
- "The scots are famous for their economy"
synonym:
- economy,
- thriftiness
4. 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"
synonym:
- economy,
- saving
Examples of using
The stability of Chinese economy is substantially overestimated.
Money is everybody's problem in a Market Capitalistic economy.
America has the world’s largest economy, and its army is the most powerful.