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e·con·o·my
Audio Help [i-kon-uh-mee] Pronunciation Key noun, plural -mies, adjective, adverb
Audio Help [i-kon-uh-mee] Pronunciation Key noun, plural -mies, adjective, adverb –noun
–adjective
–adverb
| 1. | thrifty management; frugality in the expenditure or consumption of money, materials, etc. |
| 2. | an act or means of thrifty saving; a saving: He achieved a small economy by walking to work instead of taking a bus. |
| 3. | the management of the resources of a community, country, etc., esp. with a view to its productivity. |
| 4. | the prosperity or earnings of a place: Further inflation would endanger the national economy seriously. |
| 5. | the disposition or regulation of the parts or functions of any organic whole; an organized system or method. |
| 6. | the efficient, sparing, or concise use of something: an economy of effort; an economy of movement. |
| 7. | economy class. |
| 8. | Theology.
|
| 9. | Obsolete. the management of household affairs. |
| 10. | intended to save money: to reduce the staff in an economy move. |
| 11. | costing less to make, buy, or operate: an economy car. |
| 12. | of or pertaining to economy class: the economy fare to San Francisco. |
| 13. | in economy-class accommodations, or by economy-class conveyance: to travel economy. |
[Origin: 1520–30; (< MF economie) < L oeconomia < Gk oikonomíā household management, equiv. to oǐko(s) house + -nomia -nomy
]
] —Synonyms 1. thriftiness, thrift, saving.
—Antonyms 1. lavishness, extravagance, wastefulness.
| Dictionary.com Unabridged (v 1.1) Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006. |
Economies
To learn more about Economies visit Britannica.com
| © 2008 Encyclopædia Britannica, Inc. |
| e·con·o·my
Audio Help (ĭ-kŏn'ə-mē) Pronunciation Key
n. pl. e·con·o·mies
adj. Economical or inexpensive to buy or use: an economy car; an economy motel. [Middle English yconomye, management of a household, from Latin oeconomia, from Greek oikonomiā, from oikonomos, manager of a household : oikos, house; see weik-1 in Indo-European roots + nemein, to allot, manage; see nem- in Indo-European roots.] Word History: Managing an economy has at least an etymological justification. The word economy can be traced back to the Greek word oikonomos, "one who manages a household," derived from oikos, "house," and nemein, "to manage." From oikonomos was derived oikonomiā, which had not only the sense "management of a household or family" but also senses such as "thrift," "direction," "administration," "arrangement," and "public revenue of a state." The first recorded sense of our word economy, found in a work possibly composed in 1440, is "the management of economic affairs," in this case, of a monastery. Economy is later recorded in other senses shared by oikonomiā in Greek, including "thrift" and "administration." What is probably our most frequently used current sense, "the economic system of a country or an area," seems not to have developed until the 19th or 20th century. |
| The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2006 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. |
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