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economy - Meaning and Examples

Meaning of 'economy' (Webster Dictionary)

1 . Economy [ n.]
- The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.
- 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.
- 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.
- 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.

Meaning of 'economy' (Princeton's WordNet)

1 . economy [ n]
Meaning (1):
- the efficient use of resources
Example in sentence:
  • economy of effort
Meaning (2):
- an act of economizing; reduction in cost
Example in sentence:
  • it was a small economy to walk to work every day;
  • there was a saving of 50 cents
Meaning (3):
- frugality in the expenditure of money or resources
Example in sentence:
  • the Scots are famous for their economy

Nearby Words:

economic economical economically economics economies economist economization economize economized economizer

See 'economy' also in:

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