economy
econo·my (i kän′ə mē, ē-)
noun pl. -·mies
- the management of the income, expenditures, etc. of a household, business, community, or government
- careful management of wealth, resources, etc.; avoidance of waste by careful planning and use; thrift or thrifty use
- restrained or efficient use of one's materials, technique, etc., esp. by an artist
- an instance of such management or use, or a way of economizing
- an orderly management or arrangement of parts; organization or system the economy of the human body
- a system of producing, distributing, and consuming wealth
- the condition of such a system a healthy economy
Etymology: L oeconomia < Gr oikonomia, management of a household or state, public revenue < oikonomos, manager < oikos, house (see eco-) + -nomia, -nomy
adjective
- costing less than the standard or traditional kind an economy car, an economy flight
- providing more of a product at a lower unit price an economy package
economy
n.
A system of producing, distributing, and consuming wealth
economic system, marketplace, market, gross national product, GNP, standard of living, cost of living, consumer price index, per capita income, financial resources, earnings, prosperity; see also administration 1, economics.Thrifty administration
thriftiness, thrift, retrenchment, austerity, caution, prudence, regulation of finances, conservation, prudent use of resources, political economy, saving, economizing, stinginess, frugality, husbandry, care, providence, parsimony, restraint, miserliness, scrimping, cheeseparing*. Antonyms
carelessness*, lavishness*, waste. * An example of economy, sense 2
curtailment, retrenchment, cutback, rollback, austerity program, business recession, reduction in spending, deduction, saving, abridgment, layoff, payroll shrinkage, reduction of forces, wage decrease, cut in wages, volume ordering, cost-effectiveness, economies of scale, moratorium, good gas mileage, good fuel consumption, excursion fare, lowered materials cost, lowered contract price; belt-tightening*; see also automation, depression 3.
Preposition: of
- scale: By building upon existing work the proposal provides some scope for useful economies of scale.
Preposition: into
- recession: Lisbon is considering " Draconian " cuts that risk driving the debt-laden economy into deep recession.
Converse of object
- emerge: The country has broken away from being trapped behind the iron curtain to become one of the emerging economies in Europe.
- boost: Nor are they using these assets to spend and boost the economy.
- diversify: The drive to diversify the economy by attracting the tourist dollar has brought in a 2 tier system, divisive and visibly unfair.
- stimulate: These groups will maintain a high level of order and creativity, stimulate the economy, and promote growth and welfare.
- strengthen: Growing the economy by attracting inward investment, and supporting and strengthening the rural economy.
- industrialize: Their economic structures resemble most closely the massive and highly industrialized German economy.
Adjective modifier
- global: The Dangers Ahead Our global economy is becoming more dependent on the Internet.
- rural: Would there be a rural economy left worthy of the name?
- knowledge-based: The Commission has tabled proposals to refocus strongly on growth, jobs, the knowledge-based economy and sustainable development to strengthen European competitiveness.
- political: Time has always been at the heart of the political economy of the left.
- capitalist: This is a strange idea to people who have been brought up in a pure capitalist economy.
- local: The scheme might in fact end up harming the local economy by reducing the number of tourist visitors.
Noun used with modifier
- night-time: It will be complemented by 12 casual dining restaurants all of which will significantly boost the night-time economy of the city center.
- fuel: All others have been found not to increase fuel economy.
- hydrogen: Simon Hadlington assesses the future of the hydrogen economy and we profile the pick of what's already out there.
- carbon: From Building for a Future Autumn 2003 Creating a low carbon economy calls for a 60 % reduction in carbon dioxide emissions.
- knowledge: My vision is that the UK should be a key hub in the global knowledge economy.
- market: Ah yes, the joy of free market economies.
Gentleness, docility, and a spaniel-like affection are, on this ground, consistently recommended as the cardinal virtues of the sex; and, disregarding the arbitrary economy of nature, one writer has declared that it is masculine for a woman to be melancholy. She was created to be the toy of man, his rattle, and it must jingle in his ears, whenever, dismissing reason, he chooses to be amused.
'Beauty' is a currency like the gold standard. Like any economy it is determined by politics, and in the modern age in theWest it isthe last, best belief systemthat keeps male domination intact.
Thinking precisely and systematically about something as complex and irregular as a modern economy is very difficult, maybe impossible.
It is the business of a statesman to judge of the expediency of different schemes of economy, and by degrees to model the minds of his subjects so as to induce them from the allurement of private interest to concur in the execution of his plan.
Our whole economy is based on planned obsolescence We make good products, we induce people to buy them, and then the next year we deliberately introduce something that will make these products old-fashioned, out of date, obsolete.
Economy is the art of making the most of life.
Perhaps the most important principle on which the economy of a manufacture depends, is the division of labour amongst the persons who perform the work.
They have no education, no taste for reading, no housewifery, nor, indeed, any earthly occupation but that ofdressingtheirhair, andadorningtheirbodies.Theyhate walking, and would never go abroad, if they were not stimulated by the vanityof being seen Nothing can be more parsimonious than the economy of these people. They live upon soup and bouille, fish and salad.
The economy, stupid!
Although woman has performed much of the labor of theworld, her industryand economy have beenthevery means of increasing her degradation.
In art economy is always beauty.
Everybody is always in favour of general economy and particular expenditure.
In the interests of economy they condemned hundreds of children to death and I call it murder.
The Soviet Union remains a superpower in the military and nuclear senseöonly its economy is in difficulty. People want me to lead the troops out or to chuck them over the border, but I have neither the strength nor the will to do it.
No economy ever stands still.
Afew weeksago Ihad a revelation and told my secretary that I could give him a synthesis of forty-six years of living with economic policy. It is: 'Economic policy is random with respect to the performance of the American economy, but, thank God, there isn't much of it.'
Political economy (the economyof a State, orofcitizens) consists simply in the production, preservation, and distribution, at fittest time and place, of useful or pleasurable things.
Political economy thus does not recognize the unoccupied worker, the working man so far as he is outside this work relationship. Swindlers, thieves, beggars, the unemployed, the starving, poverty- stricken and criminal working man, are figures which do not exist for political economy, but only for other eyes; fordoctors, judges,grave-diggers,beadles,etc.Theyare ghostly figures outsidethe domain of political economy.
Political economy tracesinanabstract way theeffects of the desire to be rich; and nations must nowadays abound in that passion if theyare to have much poweror respect in the world.
Mientras en Norteame¤ rica la colonizacio¤ n deposito¤ los ge¤ rmenes de un esp|¤ritu y una econom|¤a que se plasmaban entonces en Europa y a los cuales pertenec|¤a el porvenir, a la Ame¤ rica espan ola trajo los efectos y los me¤ todos de un esp|¤ritu y una econom|¤a que declinaban ya y a los cuales no pertenec|¤a sino el pasado. Whereas in North America colonization planted the seeds of the spirit and economy then growing in Europe
A fundamental contradiction does not exist between socialism and a market economy.
Our policy is directed not against any country or doctrine, but against hunger, poverty, desperation and chaos. The purpose shall be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist.
John Stuart Mill, By a mighty effort of will, Overcame his natural bonhomie And wrote'Principles of Political Economy'.
Browse dictionary entries near economy
- economize
- economist
- economies of scale
- economics
- economical
- economic indicator
- economic growth rate
- Economic Growth and Tax Relief Reconciliation Act of 2001
- economic geography
- economic duress
- ECOSOC
- ecospecies
- ecosphere
- ecosystem
- ecotone
- ecotype
- écraseur
- ECRI Weekly Leading Index
- ecru
- ECSA
