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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.investopedia.com › terms › eEconomy: What It Is, Types of Economies, Economic Indicators

   www.investopedia.com › terms › e

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   Dec 17, 2023 · An economy is a system of inter-related production and consumption activities that ultimately determine the allocation of resources within a group. The production and consumption of goods and...

3. en.wikipedia.org › wiki › EconomyEconomy - Wikipedia

   en.wikipedia.org › wiki › Economy

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   An economy 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 scarce resources.

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

   www.britannica.com › money › economics

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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.

5. www.investopedia.com › terms › eEconomics Defined with Types, Indicators, and Systems

   www.investopedia.com › terms › e

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   Apr 4, 2024 · Economics is a social science that focuses on the production, distribution, and consumption of goods and services. The study of economics is primarily concerned with analyzing the choices that...

6. www.investopedia.com › economy-4689801Economy - Investopedia

   www.investopedia.com › economy-4689801

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   Dec 15, 2023 · The economy is the total of all activities related to the production, sale, distribution, exchange, and consumption of limited resources by a group of...

7. www.merriam-webster.com › dictionary › economyEconomy Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › economy

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   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.

8. www.britannica.com › dictionary › economyEconomy Definition & Meaning | Britannica Dictionary

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   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.