What does economy mean?

Definitions for economy
ɪˈkɒn ə miecon·o·my

Here are all the possible meanings and translations of the word economy.

Princeton's WordNet

  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"


  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 Dictionary

  1. ECONOMYnoun

    Etymology: ὀιϰονομία.

    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.

    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.

    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.

    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.

    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.

Webster Dictionary

  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


  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 Dictionary

  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. oikonomiaoikos, a house, nomos, a law.]

The Nuttall Encyclopedia

  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 Wurdz


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

Dictionary of Nautical Terms

  1. economy

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

Military Dictionary and Gazetteer

  1. economy

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

Editors Contribution

  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  

Matched Categories

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

How to pronounce economy?

How to say economy in sign language?


  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. Rick Meckler:

    In a market that was chaotically falling, I think even average numbers would have provided some support, but the numbers were actually mildly bullish for the economy.

  2. Loretta Mester:

    We have three weeks: We're going to gather more data, we are going to look at what the economy is, if you were ever data-dependent, you are uber data-dependent now.

  3. Karine Jean-Pierre:

    Oil prices have dropped by about $ 15 over the past month, but prices at the pump have barely come down. That's not' basic market dynamics.' It's a market that is failing the American consumer, but I guess it's not surprising that you think oil and gas companies using market power to reap record profits at the expense of the American people is the way our economy is supposed to work.

  4. John Brady:

    This number shows the economy is strong and the Fed's got time. It doesn't have to run off the sidelines and get involved in raising rates.

  5. Todd Rosenbluth:

    Based on the names and country profiles, it should seem they are offering you the same exposure, but they track different indices, their country exposure is going to be different, and that exposure difference helps explain why they perform differently. So far, the discrepancy has helped The Vanguard fund, Todd Rosenbluth said, although both funds have taken a hit since the end of June, when the Shanghai Composite Index started falling. Since then, The Vanguard fund has lost 11.65 percent, while the iShares fund has fallen 12.45 percent. Year to date, The Vanguard fund is down 6.97 percent, and the iShares fund is down 8.89 percent. Chinese shares have been falling on fears that the nation's economy may slow well beyond the 7 percent growth rate that analysts had earlier suggested would be a bottom for that market. China has moved to weaken its currency to bolster its economy and share prices. The difference between the two funds is expected to widen because the two different indexes they follow will be treating Chinese stocks differently. FTSE, the Financial Times Stock Exchange, plans to begin adding onshore Chinese equities, known as A-shares, to its broad emerging markets indexes, which Vanguard follows. The Vanguard benchmark, the FTSE Emerging Index, now has approximately 26 percent exposure to China, according to the mutual fund company. In June, Vanguard said it would begin shifting to a new FTSE index later this year. The new index will have a 29 percent exposure to China, including a 5.6 percent exposure to A-shares. MSCI Inc, however, said in June that it was not ready to include the A-shares in its two emerging market indexes.

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    a hazy or indistinct representation
    • A. moan
    • B. embark
    • C. blur
    • D. deny

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