economy
noun
, ə-, ē-\
Definition of economy
(Entry 1 of 2)
economy
adjectiveDefinition of economy (Entry 2 of 2)
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Synonyms & Antonyms for economy
Synonyms: Noun
frugality, husbandry, parsimony, penny-pinching, providence, scrimping, skimping, thrift
Antonyms: Noun
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Examples of economy in a Sentence
Noun
The war altered the country's economy. An increase in tourism will help the city's economy. We must learn to practice economy. We'll also benefit from the economies provided by more efficient energy sources. It would be false economy to repair the leak without replacing the pipe.
Recent Examples on the Web: Noun
Get our daily newsletter The toll of tariffs on China’s economy is becoming more visible. — The Economist, "China is calm as growth slows. But is it complacent?," 31 Aug. 2019 Springs dried up, fishponds filled in with mud washed down from the uplands, reefs were likewise smothered, and communities were forced to retreat or breakup, their members scattered to work in the wage economy elsewhere. — Wade Graham, Smithsonian, "Why Molokai, With All Its Wonders, Is the Least Developed of Hawai’i’s Islands," 31 Aug. 2019 West added that Uber is also pushing for sectoral bargaining, a framework advocated by labor groups, where workers in the gig economy could bargain as a unit without unionization of a company. — Faiz Siddiqui, Washington Post, "Uber and Lyft are floating a $21 minimum wage. Critics say it’s closer to $15.," 31 Aug. 2019 That could have a major impact on the US economy, according to new research from Morgan Stanley. — Julia Horowitz, CNN, "August was a month to forget for investors. September may be little better," 30 Aug. 2019 The anticipated job growth in Cincinnati is a good microcosm of what’s driving voter opinion on the economy. — cleveland.com, "Attorneys are optimistic for opioid settlements in Midwest lawsuits: The Flyover," 29 Aug. 2019 As the world’s reserve currency, the greenback holds outsize importance in the international economy, often serving as a unit of account when settling trades and playing a critical role in global stock markets. — Matthew De Silva, Quartz, "Why does the Bank of England want a global digital currency?," 29 Aug. 2019 Multiple reports have found that leaving the EU without an exit plan in place could wreak havoc on the British economy. — Chelsey Sanchez, Harper's BAZAAR, "The Queen Approves a Suspension of Parliament amid Brexit Controversy," 29 Aug. 2019 In the longer term, economists have predicted such a split could tip Britain into a deep recession and put a powerful drag on the global economy. — Christina Boyle, Los Angeles Times, "Suspending Parliament to boost Brexit, Britain’s Boris Johnson sparks outrage," 28 Aug. 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'economy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for economy
economy
nounFinancial Definition of economy
What It Is
In its broadest sense, the economy is the organized system of human activity involved in the production, consumption, exchange, and distribution of goods and services.
How It Works
Derived from the Greek word oikonomos, meaning "one who manages a household," economy was not used in the modern sense of the economic system of a country or area until the nineteenth and twentieth centuries.
Economy also refers to the way in which resources, especially those in shortage, are managed in a competent and appropriate manner.
For example, the Industrial Revolution of the nineteenth century can probably be considered as the first time in history that goods and services were mass produced for wider consumption.
Why It Matters
Economy is important not only because of its implications for human production and activity, but also because it has engendered one of the most studied of all disciplines: economics.
Source: Investing Answers
economy
noun
English Language Learners Definition of economy
(Entry 1 of 2)
economy
adjectiveEnglish Language Learners Definition of economy (Entry 2 of 2)
See the full definition for economy in the English Language Learners Dictionary
economy
noun
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