economy

[ih-kon-uh-mee]
noun, plural economies.
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., especially 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.
8.
Theology.
a.
the divine plan for humanity, from creation through redemption to final beatitude.
b.
the method of divine administration, as at a particular time or for a particular race.
9.
Obsolete. the management of household affairs.
adjective
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.
adverb
13.
in economy-class accommodations, or by economy-class conveyance: to travel economy.

Origin:
1520–30; (< Middle French economie) < Latin oeconomia < Greek oikonomíā household management, equivalent to oîko(s) house + -nomia -nomy

noneconomy, noun, plural noneconomies.
subeconomy, noun, plural subeconomies.
supereconomy, noun, plural supereconomies.


1. thriftiness, thrift, saving.


1. lavishness, extravagance, wastefulness.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To Economy
Collins
World English Dictionary
economy (ɪˈkɒnəmɪ)
 
n , pl -mies
1.  careful management of resources to avoid unnecessary expenditure or waste; thrift
2.  a means or instance of this; saving
3.  sparing, restrained, or efficient use, esp to achieve the maximum effect for the minimum effort: economy of language
4.  a.  the complex of human activities concerned with the production, distribution, and consumption of goods and services
 b.  a particular type or branch of such production, distribution, and consumption: a socialist economy; an agricultural economy
5.  the management of the resources, finances, income, and expenditure of a community, business enterprise, etc
6.  a.  a class of travel in aircraft, providing less luxurious accommodation than first class at a lower fare
 b.  (as modifier): economy class
7.  (modifier) offering or purporting to offer a larger quantity for a lower price: economy pack
8.  the orderly interplay between the parts of a system or structure: the economy of nature
9.  philosophy the principle that, of two competing theories, the one with less ontological presupposition is to be preferred
10.  archaic the management of household affairs; domestic economy
 
[C16: via Latin from Greek oikonomia domestic management, from oikos house + -nomia, from nemein to manage]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
Etymonline
Word Origin & History

economy
c.1530, "household management," from L. oeconomia, from Gk. oikonomia "household management," from oikonomos "manager, steward," from oikos "house" (cognate with L. vicus "district," vicinus "near;" O.E. wic "dwelling, village;" see villa) + nomos "managing," from nemein
"manage" (see numismatics). The sense of "wealth and resources of a country" (short for political economy) is from 1650s.

economy
as a term in advertising, at first meant simply "cheaper" (1821), then "bigger and thus cheaper per unit or amount" (1950). See economy (n.).
Online Etymology Dictionary, © 2010 Douglas Harper
Cite This Source
Example sentences
Cutting government spending and raising taxes reduces the amount of demand in
  the economy, which makes the recession worse.
You underestimate the organic nature of a capitalist economy.
Sugar, rum, and molasses became the island's main economy.
The economy is rebounding, but not the job market.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;