Word Explorer

Economy

/iːˈkɒn.ə.mi/

Effective management of a community or system, or especially its resources.

📖 Definitions of "Economy"

noun
  1. 1

    Effective management of a community or system, or especially its resources.

  2. 2

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

  3. 3

    Frugal use of resources.

    "economy of word"

  4. 4

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

adjective
  1. 1

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

    "Economy size."

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