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.