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    L'économie (en. The economy)

    /le.kɔ.nomi/

    Meaning & Definition

    EnglishFrench
    noun
    Social science that studies how individuals and societies use limited resources.
    The global economy is undergoing major changes.
    L'économie mondiale est en pleine mutation.
    System of production and consumption of a country.
    The French economy is diversifying thanks to innovation.
    L'économie française se diversifie grâce à l'innovation.
    Financial resources available in a given context.
    He decided to save money to buy a house.
    Il a décidé de faire des économies pour acheter une maison.

    Etymology

    The word 'economy' comes from the Greek 'oikonomia', which means 'management of the household'.

    Common Phrases and Expressions

    market economy
    Economic system where prices are determined by supply and demand.
    économie de marché
    energy economy
    Efficient use of energy resources to reduce costs.
    économie d'énergie
    underground economy
    Unreported economic activity that escapes tax regulation.
    économie souterraine
    to save money
    To cut expenses to save money.
    faire des économies

    Related Words

    economist
    A person who studies or practices economics.
    économiste
    budget
    Revenue and expenditure management plan.
    budget
    resource
    Good or service that can be used to satisfy a need.
    ressource

    Slang Meanings

    Penny pinching
    He is known for being a real saver, always looking for good deals.
    Il est connu pour être un vrai économiseur, toujours à la recherche de bonnes affaires.
    A la carte economy
    With his a la carte economy approach, he only spends on what seems truly necessary.
    Avec son approche d'économie à la carte, il ne dépense que pour ce qui lui semble vraiment nécessaire.