Economy is defined as the management of financial matters for a community, business or family.(noun)
An example of economy is the stock market system in the United States.
The definition of economy is inexpensive.(adjective)
An example of economy is a low priced car that gets excellent mileage on a gallon of gas.
See economy in Webster's New World College Dictionary
noun pl. economies
Origin: L oeconomia < Gr oikonomia, management of a household or state, public revenue < oikonomos, manager < oikos, house (see eco-) + -nomia, -nomy
See economy in American Heritage Dictionary 4
noun pl. e·con·o·mies
Origin: Middle English yconomye, management of a household
Origin: , from Latin oeconomia
Origin: , from Greek oikonomiā
Origin: , from oikonomos, manager of a household
Origin: : oikos, house; see weik-1 in Indo-European roots
Origin: + nemein, to allot, manage; see nem- in Indo-European roots. Word History: Managing an economy has at least an etymological justification. The word economy can be traced back to the Greek word oikonomos, “one who manages a household,” derived from oikos, “house,” and nemein, “to manage.” From oikonomos was derived oikonomiā, which had not only the sense “management of a household or family” but also senses such as “thrift,” “direction,” “administration,” “arrangement,” and “public revenue of a state.” The first recorded sense of our word economy, found in a work possibly composed in 1440, is “the management of economic affairs,” in this case, of a monastery. Economy is later recorded in other senses shared by oikonomiā in Greek, including “thrift” and “administration.” What is probably our most frequently used current sense, “the economic system of a country or an area,” seems not to have developed until the 19th or 20th century.
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