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English Dictionary

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 economy economy

noun

  • () the system of production and distribution and consumption  ( economic system, economy )
    the system of production and distribution and consumption
  • () an act of economizing; reduction in cost  ( economy, saving )
    an act of economizing; reduction in cost
     it was a small economy to walk to work every day
    it was a small economy to walk to work every day
     there was a saving of 50 cents
    there was a saving of 50 cents
  • () frugality in the expenditure of money or resources  ( thriftiness, economy )
    frugality in the expenditure of money or resources
     the Scots are famous for their economy
    the Scots are famous for their economy
  • () the efficient use of resources  ( economy )
    the efficient use of resources
     economy of effort
    economy of effort