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
The slide was most pronounced among companies with the greatest exposure to the global economy and trade. — Nelson D. Schwartz, New York Times, "Markets Are Shaken by New Signs of Global Economic Trouble," 14 Aug. 2019 Examples aboundof political leaders calling for the central bank to implement a monetarypolicy that provides a short-term boost to the economy around election time. — Alexander Saeedy, Fortune, "Sowing Panic Is Trump’s Latest Strategy to Influence the Fed—and It May Be Working," 13 Aug. 2019 This is on top of a 2017 study by the Department of Health and Human Services that reportedly found refugees contributed a net $63 billion to the US economy between 2005 and 2014. — David Miliband For Cnn Business Perspectives, CNN, "Refugee women face unequal access to jobs. Hiring them could boost global GDP by $1.4 trillion," 13 Aug. 2019 On most years, there are only four Thursdays in November in the first place, but on those years when there are five, Roosevelt felt that moving the celebration up a week would be beneficial to the economy. — Rebekah Lowin, Country Living, "Why Do We Celebrate Thanksgiving—and Why Does It Fall on a Thursday?," 12 Aug. 2019 Avidly anticipated and incisive, Trick Mirror chronicles various aspects of contemporary culture, from fraternities to the attention economy, that have shaped Tolentino's sense of herself and her moment. — Sophia Nguyen, Dallas News, "Jia Tolentino offers smart takes on the absurdities of modern life," 12 Aug. 2019 The report also found that 75 percent of the refuge’s visitors came from over 50 miles away and about one-third of the money contributed to the local economy, $8.6 million, went directly back into employment income. — Austen Erblat, sun-sentinel.com, "Federal report shows wildlife refuge added millions to Palm Beach County’s economy," 12 Aug. 2019 Harris said the fishing and maritime industry is critical to the local economy and community, and the dredging is a high priority. — USA TODAY, "Emoji house, Saharan dust, turtle crossing: News from around our 50 states," 8 Aug. 2019 Harris says the fishing and maritime industry is critical to the local economy and community, and that the dredging is a high priority. — baltimoresun.com, "Dredging of Ocean City inlet underway," 8 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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