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1. Dictionary

   E·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. Similar wealth(financial) resourcesfinancial systemfinancial statefinancial management
   • ▪ a particular system or stage of an economy: "a free-market economy"
   • 2. careful management of available resources: "even heat distribution and fuel economy" Similar thriftprovidenceprudencethriftinesscanninesscarefulnesscaregood managementgood husbandrycareful budgetingeconomizingsavingscrimping and savingscrimpingrestraintfrugalityfuel-savingabstemiousnessmeannesspenny-pinchingmiserlinessniggardlinessparsimonyforehandednessinformal:stinginessrare:sparingnessfrugalnessOpposite extravagance
   • ▪ sparing or careful use of something: "economy of words" Similar thriftprovidenceprudencethriftinesscanninesscarefulnesscaregood managementgood husbandrycareful budgetingeconomizingsavingscrimping and savingscrimpingrestraintfrugalityfuel-savingabstemiousnessmeannesspenny-pinchingmiserlinessniggardlinessparsimonyforehandednessinformal:stinginessrare:sparingnessfrugalnessOpposite extravagance
   • ▪ a financial saving: "there were many economies to be made by giving up our offices in Manhattan"
   • ▪ the cheapest class of air or rail travel: "we flew economy"

   adjective

   • 1. (of a product) offering the best value for the money: "an economy pack"
   • ▪ designed to be economical to use: "an economy car"

   Word Origin late 15th century (in the sense ‘management of material resources’): from French économie, or via Latin from Greek oikonomia ‘household management’, based on oikos ‘house’ + nemein ‘manage’. Current senses date from the 17th century.

   Scrabble Points: 14

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2. www.merriam-webster.com › thesaurusThesaurus by Merriam-Webster: Find Synonyms, Similar Words ...

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   3 days ago · Search the Merriam-Webster Thesaurus for millions of synonyms, similar words, and antonyms. Our unique ranking system helps you find the right word fast and expand your English vocabulary. Make your writing more interesting, beautiful, and successful with the only thesaurus developed from Merriam-Webster dictionary.

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3. www.vocabulary.com › dictionary › economic systemEconomic system - Definition, Meaning & Synonyms - Vocabulary.com

   www.vocabulary.com › dictionary › economic system

   Apr 19, 2024 · Definitions of economic system. noun. the system of production and distribution and consumption. synonyms: economy. see more.

4. www.britannica.com › money › economicsEconomics | Definition, History, Examples, Types, & Facts ...

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   Apr 19, 2024 · economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. In the 19th century economics was the hobby of gentlemen of leisure and the vocation of a few academics; economists wrote about economic policy but were rarely consulted by legislators before decisions were made.

5. www.merriam-webster.com › dictionary › the economyThe economy Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › the economy

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   Apr 10, 2024 · The meaning of THE ECONOMY is the system in one's country of producing, buying, and selling goods. How to use the economy in a sentence.

6. People also ask

   What does economy mean?

   • Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! The meaning of THE ECONOMY is the system in one's country of producing, buying, and selling goods. How to use the economy in a sentence.

   The economy Definition & Meaning - Merriam-Webster

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   What does economics mean in sociology?

   • economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. In the 19th century economics was the hobby of gentlemen of leisure and the vocation of a few academics; economists wrote about economic policy but were rarely consulted by legislators before decisions were made.

   Economics | Definition, History, Examples, Types, & Facts | Britannica

   www.britannica.com/money/economics

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   What are the 4 types of economic system?

   • The four common types of the economic system are traditional, command-based, market-based, and mixed. This has been a guide to the Economy and its meaning. Here we discuss the types, functions of the economy, and how does it work, along with examples.

   Economy - Meaning, Types, Functions, How Does it Work? - WallStreet…

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   What are examples of economic systems?

   • Various indicators demonstrate real economic growth and decline, such as GDP (gross domestic product), GDP Per Capita, Income Per Capita, Inflation, and Recession. Traditional, command, market, mixed, green, and gig economies are examples of an economic system. How Does The Economy Work?

   Economy - Meaning, Types, Functions, How Does it Work? - WallStreet…

   www.wallstreetmojo.com/economy/

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7. www.vocabulary.com › dictionary › economic scienceEconomic science - Definition, Meaning & Synonyms ...

   www.vocabulary.com › dictionary › economic science

   Apr 18, 2024 · Definitions of economic science. noun. the branch of social science that deals with the production and distribution and consumption of goods and services and their management. synonyms: economics, political economy. see more.

8. www.vocabulary.com › dictionary › economic processEconomic process - Definition, Meaning & Synonyms ...

   www.vocabulary.com › dictionary › economic process

   Apr 21, 2024 · Other forms: economic processes. Definitions of economic process. noun. any process affecting the production and development and management of material wealth. see more.

9. www.wallstreetmojo.com › economyEconomy - Meaning, Types, Functions, How Does it Work?

   www.wallstreetmojo.com › economy

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   Apr 10, 2024 · Article by Prakhar Gajendrakar. Edited by Aaakriti. Reviewed by Dheeraj Vaidya, CFA, FRM. Economy Meaning. An economy comprises individuals, commercial entities, and the government involved in the production, distribution, exchange, and consumption of products and services in a society.