|Origin:||Greek oikonomia, from oikonomos 'manager of a house'|
Related topics: Economics
e‧con‧o‧my1 S3 W1 plural economies
the system by which a country's money and goods are produced and used, or a country considered in this way:
a capitalist economy
the slowdown in the Japanese economy
something that you do in order to spend less money:
The council must make economies to meet government spending targets.
Not insuring your belongings is a false economy (=it is cheaper but could have bad results).
the careful use of money, time, goods etc so that nothing is wasted:
The gas fire was turned low for reasons of economy.
The company announced that it would cut 500 jobs as part of an economy drive (=a way to save money).
the financial advantages of producing something in very large quantities