Definition of 'economy'

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1. (noun) economy, economic system the system of production and distribution and consumption 2. (noun) economy the efficient use of resources "economy of effort" 3. (noun) economy, thriftiness frugality in the expenditure of money or resources "the Scots are famous for their economy" 4. (noun) economy, saving an act of economizing; reduction in cost "it was a small economy to walk to work every day"; "there was a saving of 50 cents"
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"economy." Definitions.net. STANDS4 LLC, 2008. 12 October. 2008. http://www.definitions.net/definition/economy