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economy
economy
/iːˈkɑːnəmi/
noun
(
)
The system of production and distribution and consumption
(
economic system
,
economy
)
the system of production and distribution and consumption
The country's economy is experiencing rapid growth.
The country's economy is experiencing rapid growth.
(
)
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
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