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economy Definition
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economy
noun(econ-o-my)the structure or conditions of economic life in a country, area, or period; also : an economic system
economy
noun(econ-o-my)thrifty and efficient use of material resources : frugality in expenditures; also : an instance or a means of economizing : saving
economy
noun(econ-o-my)efficient and concise use of nonmaterial resources (such as effort, language, or motion)
economy
adjective(econ-o-my)designed to save money
economy
noun phrase(econ-o-my)a reduction in the cost of producing something (such as a car or a unit of electricity) brought about especially by increased size of production facilities —usually used in plural
economy
noun(econ-o-my)an economic system in which activity is controlled by a central authority and the means of production are publicly owned
economy
noun(econ-o-my)economic activity that involves the use of temporary or freelance workers to perform jobs typically in the service sector
economy
noun(econ-o-my)an economy in which most goods and services are produced and distributed through free markets
economy
noun(econ-o-my)economics
economy
noun(econ-o-my)the theory or study of the role of public policy in influencing the economic and social welfare of a political unit
economy
noun(econ-o-my)economic activity that involves individuals buying or selling usually temporary access to goods or services especially as arranged through an online company or organization
economy
noun(econ-o-my)something that costs less at first but results in more money being spent later
economy
noun(econ-o-my)use of less fuel