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      • economy 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/global economy Tourism clearly dominates the local economy. He favours tax cuts to stimulate the economy.
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  2. Kids Definition of economy. 1 : the way in which goods and services are made, sold, and used in a country or area the city's economy. 2 : the careful use of money and goods : thrift With economy and restraint, they managed to live on their small income.

  3. economy. careful management of resources to avoid unnecessary expenditure or waste; thrift. the complex of human activities concerned with the production, distribution, and consumption of goods and services. the management of the resources, finances, income, and expenditure of a community, business enterprise, etc.

  4. economy noun (SAVING MONEY) [ C or U ] the intentional saving of money or, less commonly, the saving of time, energy, words, etc.: They've had to make economies since Nathan lost his job. This can be done by machines with more speed and economy. She writes with such economy - I've never known a writer say so much in so few words.

  5. economy noun (SAVING MONEY) [ C or U ] the intentional saving of money or, less commonly, the saving of time, energy, words, etc.: They've had to make economies since Nathan lost his job. This can be done by machines with more speed and economy. She writes with such economy - I've never known a writer say so much in so few words.

  6. 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.

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