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- 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"
ECONOMY definition: 1. the system of trade and industry by which the wealth of a country is made and used: 2. the…. Learn more.
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.
Apr 4, 2024 · Economy: What It Is, Types of Economies, Economic Indicators An economy is a system of production and consumption activities that determines how resources are...
e. Economics ( / ˌɛkəˈnɒmɪks, ˌiːkə -/) [1] [2] is a social science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on the behaviour and interactions of economic agents and how economies work.
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.
Dec 15, 2023 · Economy. An economy encompasses all activity related to the production, consumption, trade, and distribution of available goods and services. The management of those resources is used to satisfy ...
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.
