[ ih-kon-uh-mee ]
/ ɪˈkɒn ə mi /
noun, plural e·con·o·mies.
thrifty management; frugality in the expenditure or consumption of money, materials, etc.
an act or means of thrifty saving; a saving: He achieved a small economy by walking to work instead of taking a bus.
the management of the resources of a community, country, etc., especially with a view to its productivity.
the prosperity or earnings of a place: Further inflation would endanger the national economy seriously.
the disposition or regulation of the parts or functions of any organic whole; an organized system or method.
the efficient, sparing, or concise use of something: an economy of effort; an economy of movement.
- the divine plan for humanity, from creation through redemption to final beatitude.
- the method of divine administration, as at a particular time or for a particular race.
Obsolete. the management of household affairs.
intended to save money: to reduce the staff in an economy move.
costing less to make, buy, or operate: an economy car.
of or relating to economy class: the economy fare to San Francisco.
in economy-class accommodations, or by economy-class conveyance: to travel economy.
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Origin of economy
1520–30; (< Middle French economie) < Latin oeconomia < Greek oikonomíā household management, equivalent to oîko(s) house + -nomia -nomy
OTHER WORDS FROM economynon·e·con·o·my, noun, plural non·e·con·o·mies.sub·e·con·o·my, noun, plural sub·e·con·o·mies.su·per·e·con·o·my, noun, plural su·per·e·con·o·mies.
Words nearby economy
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for sub-economy
/ (ɪˈkɒnəmɪ) /
noun plural -mies
careful management of resources to avoid unnecessary expenditure or waste; thrift
a means or instance of this; saving
sparing, restrained, or efficient use, esp to achieve the maximum effect for the minimum efforteconomy of language
- the complex of human activities concerned with the production, distribution, and consumption of goods and services
- a particular type or branch of such production, distribution, and consumptiona socialist economy; an agricultural economy
the management of the resources, finances, income, and expenditure of a community, business enterprise, etc
- a class of travel in aircraft, providing less luxurious accommodation than first class at a lower fare
- (as modifier)economy class
(modifier) offering or purporting to offer a larger quantity for a lower priceeconomy pack
the orderly interplay between the parts of a system or structurethe economy of nature
philosophy the principle that, of two competing theories, the one with less ontological presupposition is to be preferred
archaic the management of household affairs; domestic economy
Word Origin for economy
C16: via Latin from Greek oikonomia domestic management, from oikos house + -nomia, from nemein to manage
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012