economy

/iːˈkɒn.ə.mi//iːˈkɑn.ə.mi/

noun

1
Effective management of a community or system, or especially its resources.
2
The study of money, currency and trade, and the efficient use of resources.
3
Frugal use of resources.
“economy of word”
4
The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
5
The method of divine government of the world. (See w:Economy (religion).)
6
The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.
7
Management of one’s residency.

1
Cheap to run; using minimal resources; representing good value for money.
“Economy size.”

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