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 system(noun)

    the system of production and distribution and consumption

  2. economy(noun)

    the efficient use of resources

    "economy of effort"

  3. economy, thriftiness(noun)

    frugality in the expenditure of money or resources

    "the Scots are famous for their economy"

  4. economy, saving(noun)

    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"

Wiktionary

  1. economy(Noun)

    Effective management of the resources of a community or system.

    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.

  2. economy(Noun)

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

    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.

  3. economy(Noun)

    Frugal use of resources.

    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.

  4. economy(Noun)

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

    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.

  5. economy(Noun)

    The method of divine government of the world.

    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.

  6. economy(Noun)

    Management of one's residency.

    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.

  7. economy(Adjective)

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

    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.

Webster Dictionary

  1. Economy(noun)

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

  2. Economy(noun)

    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. Economy(noun)

    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. Economy(noun)

    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

Freebase

  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

  1. ECONOMY

    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  

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?

  1. Alex
    Alex
    US English
    Daniel
    Daniel
    British
    Karen
    Karen
    Australian
    Veena
    Veena
    Indian

How to say economy in sign language?

  1. economy

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. Joan Alker:

    With an improving economy and a very low unemployment rate, the fact that our nation is going backwards on children's health coverage is very troubling, without serious efforts to get back on track, the decline in coverage is likely to continue in 2018 and may in fact get worse for America's children.

  2. Mike Braun:

    I think everyone in our conference is getting a little cautious about how much more can we do, as opposed to correcting it from a grassroots way by getting the economy going.

  3. Mike Pence:

    The truth is, if we don't get this economy growing at 3 percent or more, as the president believes that we can, we're never going to meet the obligations that we've made today.

  4. Mike Layman:

    It has led to a doubling of litigation against franchise brands, both the franchisor and franchisee are part of a very healthy ecosystem in today's economy. They can both breathe a little easier knowing that they won't be held responsible for the actions of a business partner.

  5. Secretary Mnuchin:

    We are not activating the sanctions, these are very powerful sanctions. We hope we don't have to use them, but we could shut down the Turkish economy if we need to.

Images & Illustrations of economy

  1. economyeconomyeconomyeconomyeconomy

Popularity rank by frequency of use

economy#1#1779#10000

Translations for economy

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"economy." Definitions.net. STANDS4 LLC, 2020. Web. 12 Aug. 2020. <https://www.definitions.net/definition/economy>.

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