Meaning & Definition of word "Agency"

Agency

/ˈeɪ.dʒən.si/

noun:

  • 1. The capacity of individuals to act independently and make their own free choices.
    • Example: The principles of agency suggest that individuals have the power to control their actions.
  • 2. A business or organization established to provide a particular service, typically one that involves arranging transactions between two parties.
    • Example: She works at a travel agency that specializes in luxury vacations.
  • 3. The relationship between a principal and an agent, where the agent has the authority to act on behalf of the principal.
    • Example: The real estate agency represented the seller in the property transaction.
  • 4. A government or non-profit organization that provides a specific service.
    • Example: The agency for international development focuses on improving living conditions in developing countries.

Etymology

From Latin 'agens', the present participle of 'agere', meaning 'to do' or 'to drive'.

Common Phrases and Expressions

employment agency:

An organization that matches job seekers with employers.

travel agency:

A business that arranges and sells travel packages.

government agency:

A specific department of government responsible for a particular area.

Related Words

agent:

A person who acts on behalf of another.

agency theory:

A theory in economics and organizational studies that explains the relationship between principals and agents.

Slang Meanings of agency

Meaning: A term used to describe a person's ability to take action or control their own life.

Example Sentence: After years of feeling lost, she's finally stepping into her agency.

Meaning: When someone is self-starter and proactive.

Example Sentence: In this job, having agency means you create your own projects rather than just waiting for assignments.