economy
economy definition
econo·my (i kän′ə mē, ē-)
noun pl. economies -·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
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