Economy Definition

ĭ-kŏnə-mē

economies

noun

economies

The management of the income, expenditures, etc. of a household, business, community, or government.

Webster's New World

Careful management of wealth, resources, etc.; avoidance of waste by careful planning and use; thrift or thrifty use.

Webster's New World

The system or range of economic activity in a country, region, or community.

Effects of inflation were felt at every level of the economy.

American Heritage

Restrained or efficient use of one's materials, technique, etc., esp. by an artist.

Webster's New World

An instance of such management or use, or a way of economizing.

Webster's New World

Synonyms:

Antonyms:

adjective

Costing less than the standard or traditional kind.

An economy car, an economy flight.

Webster's New World

Economical or inexpensive to buy or use.

An economy car; an economy motel.

American Heritage

Providing more of a product at a lower unit price.

An economy package.

Webster's New World

Cheap to run; using minimal resources; representing good value for money.

"He bought an economy car."

"Economy size".

Wiktionary

Synonyms:

Other Word Forms of Economy

Singular:

economy

Plural:

economies

From Latin oeconomia, from Ancient Greek οἰκονομία (oikonomia, “management of a household, administration”), from οἶκος (oikos, “house”) + νόμος (nomos, “law”) (surface analysis eco- +‎ -nomy). The first recorded sense of the word economy, found in a work possibly composed in 1440, is “the management of economic affairs”, in this case, of a monastery.

From Wiktionary
Middle English yconomye management of a household from Latin oeconomia from Greek oikonomiā from oikonomos manager of a household oikos house weik-¹ in Indo-European roots nemein to allot, manage nem- in Indo-European roots

From American Heritage Dictionary of the English Language, 5th Edition