Search results
- DictionaryE·con·o·my/ēˈkänəmē/
noun
- 1. the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
- 2. careful management of available resources: "even heat distribution and fuel economy"
adjective
- 1. (of a product) offering the best value for the money: "an economy pack"
The meaning of ECONOMY is the structure or conditions of economic life in a country, area, or period; also : an economic system. How to use economy in a sentence.
May 16, 2024 · What Is an Economy? An economy is a complex system of interrelated production, consumption, and exchange activities, which ultimately determine how resources are allocated among...
Economy definition: the complex of activities related to the consumption, production, and trade of goods and services, as an ongoing functioning system. See examples of ECONOMY used in a sentence.
ECONOMY definition: 1. the system of trade and industry by which the wealth of a country is made and used: 2. the…. Learn more.
An economy [a] is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. [3]
ECONOMY meaning: 1 : the process or system by which goods and services are produced, sold, and bought in a country or region; 2 : careful use of money, resources, etc.
May 18, 2024 · Economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. Economics was formerly a hobby of gentlemen of leisure, but today there is hardly a government, international agency, or large commercial bank that does not have its own staff of economists.
noun. /ɪˈkɒnəmi/. /ɪˈkɑːnəmi/. (plural economies) . (often the economy) [countable] the relationship between production, trade and the supply of money in a particular country or region. The economy is in recession. The world economy is still suffering from the effects of the pandemic.
Jul 3, 2024 · The economy is the total of all activities related to the production, sale, distribution, exchange, and consumption of limited resources by a group of people living and operating within it.
The meaning of ECONOMIC is of, relating to, or based on the production, distribution, and consumption of goods and services. How to use economic in a sentence.
