Definitions for Economy
ɪˈkɒn ə miecon·o·my

Princeton's WordNetRate this definition:4.4 / 32 votes

1. economy, economic systemnoun

   the system of production and distribution and consumption

2. economynoun

   the efficient use of resources

   "economy of effort"

3. economy, thriftinessnoun

   frugality in the expenditure of money or resources

   "the Scots are famous for their economy"

4. economy, savingnoun

   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"

WiktionaryRate this definition:3.3 / 11 votes

1. economynoun

   Effective management of the resources of a community or system.

2. economynoun

   Collective focus of the study of money, currency and trade, and the efficient use of resources.

3. economynoun

   Frugal use of resources.

4. economynoun

   The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.

5. economynoun

   The method of divine government of the world.

6. economynoun

   Management of one's residency.

7. economyadjective

   Cheap to run; using minimal resources; representing good value for money.

8. Etymology: From oeconomia, from οἰκονομία, from οἶκος + νόμος (surface analysis). The first recorded sense of the word economy, found in a work possibly composed in 1440, is “the management of economic affairs”, in this case, of a monastery.

Samuel Johnson's DictionaryRate this definition:0.0 / 0 votes

1. ECONOMYnoun

   Etymology: ὀιϰονομία.

   1. The management of a family; the government of a houshold.

   By St. Paul’s economy the heir differs nothing from a servant, while he is in his minority; so a servant should differ nothing from a child in the substantial part. Jeremy Taylor, Rule of living holy.

   2. Frugality; discretion of expence; laudable parsimony.

   Particular sums are not laid out to the greatest advantage in his economy; but are sometimes suffered to run waste, while he is only careful of the main. John Dryden, State of Innocence, Preface.

   I have no other notion of economy, than that it is the parent of liberty and ease. Jonathan Swift, to Lord Bolingbroke.

   3. Disposition of things; regulation.

   All the divine and infinitely wise ways of economy that God could use towards a rational creature, oblige mankind to that course of living which is most agreeable to our nature. Henry Hammond.

   4. The disposition or arrangement of any work.

   In the Greek poets, as also in Plautus, we shall see the economy and disposition of poems better observed than in Terence. Ben Jonson, Discoveries.

   If this economy must be observed in the minutest parts of an epick poem, what soul, though sent into the world with great advantages of nature, cultivated with the liberal arts and sciences, can be sufficient to inform the body of so great a work? John Dryden, Æn. Dedication to the.

   5. System of motions; distribution of every thing active or passive to its proper place.

   These the strainers aid,
   That, by a constant separation made,
   They may a due economy maintain,
   Exclude the noxious parts, the good retain. Richard Blackmore, Creat.

WikipediaRate this definition:0.0 / 0 votes

1. Economy

   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'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain. Economic activity is spurred by production which uses natural resources, labor and capital. It has changed over time due to technology, innovation (new products, services, processes, expanding markets, diversification of markets, niche markets, increases revenue functions) such as, that which produces intellectual property and changes in industrial relations (most notably child labor being replaced in some parts of the world with universal access to education).

ChatGPTRate this definition:0.0 / 0 votes

1. economy

   An economy refers to the system or structure of production, distribution, and consumption of goods and services among individuals, businesses, and governments in a certain region. It involves activities related to how resources such as money, industry, and trade are managed. This can occur on various scales, ranging from local, national to international levels. Economies influence and are influenced by various factors such as culture, policies, geography and history. Economic systems are typically categorized into four types: traditional, command, market, and mixed.

Webster DictionaryRate this definition:5.0 / 1 vote

1. Economynoun

   the management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy

2. Economynoun

   orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth; as, political economy

3. Economynoun

   the system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the Jewish economy

4. Economynoun

   thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony

WikidataRate this definition:2.7 / 3 votes

1. Economy

   An economy consists of the economic system in a certain region, comprising the production, distribution or trade, and consumption of goods and services in that region or country. An economy is the total aggregate sum of all transactions of value between two agents, such as one individual to one other individual, or between groups of individual activity, such as in organizations to other organizations, and between one nation and another nation. Transactions only occur when both parties agree to the value, commonly expressed in some currency, or price. Then and only then is the sale of good or service acted on in the transaction. An economy represents the diverse activity of all agents engaged in the production of valuable goods and services for other agents in the economy. In the past, economic activity was theorized to be bounded by natural resources, labor, and capital. This view ignores the value of technology, and creativity, especially that which produces intellectual property.

Chambers 20th Century DictionaryRate this definition:5.0 / 1 vote

1. Economy

   ek-on′o-mi, n. the management of a household or of money matters: a frugal and judicious expenditure of money: a system of rules or ceremonies: a dispensation, as 'the Christian economy:' regular operations, as of nature.—adjs. Econom′ic, -al, pertaining to economy: frugal: careful.—adv. Econom′ically.—ns. Econom′ics, the science of household management: political economy; Economisā′tion, act of economising.—v.i. Econ′omise, to manage with economy: to spend money carefully: to save.—v.t. to use prudently: to spend with frugality.—ns. Economī′ser, Econ′omist, one who is economical: one who studies political economy.—Political economy (see under Politic). [L. œconomia—Gr. oikonomia—oikos, a house, nomos, a law.]

The Nuttall EncyclopediaRate this definition:0.0 / 0 votes

1. Economy

   "the right arrangement of things," and distinct from Frugality, which is "the careful and fitting use of things."

The Foolish Dictionary, by Gideon WurdzRate this definition:1.0 / 1 vote

1. ECONOMY

   Denying ourselves a necessary to-day in order to buy a luxury to-morrow.

Dictionary of Nautical TermsRate this definition:0.0 / 0 votes

1. economy

   A term expressive of the system and internal arrangement pursued in a ship.

Military Dictionary and GazetteerRate this definition:0.0 / 0 votes

1. economy

   In a military sense, implies the minutiæ or interior regulations of a regiment, troop, or company. Hence regimental economy.

Editors ContributionRate this definition:5.0 / 1 vote

1. economy

   The efficient use of resources.

   They used their washing machine on the economy setting.

   
   

   Submitted by MaryC on March 2, 2020  

2. ---

   economy

   The vision, creation, management, planning, organizing and reviewing of the structures, systems and technologies of local, regional, national, european and international resources, education, skills, training, employment, finance, income, expenditure and forecast of a person, family, household, community, business, company, enterprise, organization, form of unity assembly, unity council, unity legislature, unity senate, house of representatives, unity government, local unity government, regional unity government, national unity government, european unity government and international unity government or jurisdiction.

   The economy was moving forward and changing every day.

   
   

   Submitted by MaryC on March 4, 2020  

Suggested ResourcesRate this definition:0.0 / 0 votes

1. Economy

   Economize vs. Economy -- In this Grammar.com article you will learn the differences between the words Economize and Economy.

Surnames Frequency by Census RecordsRate this definition:0.0 / 0 votes

1. ECONOMY

   According to the U.S. Census Bureau, Economy is ranked #51941 in terms of the most common surnames in America.
   
   The Economy surname appeared 400 times in the 2010 census and if you were to sample 100,000 people in the United States, approximately 0 would have the surname Economy.
   
   96% or 384 total occurrences were White.
   2% or 8 total occurrences were of Hispanic origin.
   1.5% or 6 total occurrences were of two or more races.

Matched Categories

1. • Efficiency
   • Frugality

British National Corpus

1. Spoken Corpus Frequency

   Rank popularity for the word 'Economy' in Spoken Corpus Frequency: #939

2. Written Corpus Frequency

   Rank popularity for the word 'Economy' in Written Corpus Frequency: #1547

3. Nouns Frequency

   Rank popularity for the word 'Economy' in Nouns Frequency: #360

Usage in printed sourcesFrom: 

1. 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Anagrams for Economy »

1. monoecy

How to pronounce Economy?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Economy in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Economy in Chaldean Numerology is: 5

2. Pythagorean Numerology

   The numerical value of Economy in Pythagorean Numerology is: 9

Examples of Economy in a Sentence

1. Michael Heise:

   It has never been cheaper for countries such as France to borrow, Buying state bonds could influence the price of state bonds, but wouldn't have much impact on the economy.

2. Joe Biden:

   You don't take campaign contributions from them, you take them on and create an economy that works for all.

3. Brian Fletcher:

   People have seen the images of a city out of control, it has been so difficult for the image of Ferguson this past year. It has been damaging to the economy.

4. Koon Chow:

   Some of the price action looked like an over-reaction, for example in the Russian bonds, so you get people buying it back, if anything, the geopolitical developments will strengthen Russian policymakers' resolve to run a very conservative economic policy, which means your economy is less vulnerable to geopolitical-related developments.

5. Mark Dubowitz:

   Any company that wants to do business in a key strategic sector of Iran’s economy will have to do business with the Revolutionary Guards.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=Economy
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Economy
3. ^ Samuel Johnson's Dictionary
   https://johnsonsdictionaryonline.com/views/search.php?term=Economy
4. ^ Wikipedia
   https://en.wikipedia.org/wiki/Economy
5. ^ ChatGPT
   https://chat.openai.com
6. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/Economy
7. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=Economy
8. ^ Chambers 20th Century Dictionary
   https://www.gutenberg.org/files/37683/37683-h/37683-h.htm#:~:text=Economy
9. ^ The Nuttall Encyclopedia
   https://www.gutenberg.org/cache/epub/12342/pg12342-images.html#Economy
10. ^ The Foolish Dictionary, by Gideon Wurdz
    https://www.gutenberg.org/cache/epub/1989/pg1989-images.html#:~:text=Economy
11. ^ Dictionary of Nautical Terms
    https://www.gutenberg.org/cache/epub/26000/pg26000-images.html#:~:text=Economy
12. ^ Military Dictionary and Gazetteer
    https://www.gutenberg.org/cache/epub/59563/pg59563-images.html
13. ^ Surnames Frequency by Census Records
    https://www.census.gov/topics/population/genealogy/data/2010_surnames.html
14. ^ Usage in printed sources
    https://books.google.com/ngrams/graph?content=Economy