economy

noun
econ·​o·​my | \ i-ˈkä-nə-mē How to pronounce economy (audio) , ə-, ē- \
plural economies

Definition of economy

 (Entry 1 of 2)

1 : the structure or conditions of economic life in a country, area, or period also : an economic system
2a : thrifty and efficient use of material resources : frugality in expenditures also : an instance or a means of economizing : saving
b : efficient and concise use of nonmaterial resources (such as effort, language, or motion)
3a : the arrangement or mode of operation of something : organization
b : a system especially of interaction and exchange an economy of information
4 archaic : the management of household or private affairs and especially expenses

economy

adjective

Definition of economy (Entry 2 of 2)

: designed to save money economy cars

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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.
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Recent Examples on the Web: Noun This will help our kids and businesses succeed in a 21st Century economy. Tim Darnell, ajc, "READ: Full text of President Joe Biden’s first speech before Congress," 29 Apr. 2021 Around the same time, President Biden took the stage at the Leaders Summit on Climate to pledge a net-zero U.S. economy by 2050. Brentan Alexander, Forbes, "Meeting Biden’s Climate Goals Requires Giving Exxon A Seat At The Table," 28 Apr. 2021 Efforts to crank up a badly hobbled economy also added to the spread. Vikas Dandekar, STAT, "In Covid’s grip, India gasps for air: ‘If there is an apocalypse, this has to be one’," 28 Apr. 2021 Crow laws and the epidemic of lynchings and other forms of racial terrorism, and to pursue the chance to work in a thriving economy fueled by rapidly growing factories, mills and packinghouses. New York Times, "Black Lives Are Shorter in Chicago. My Family’s History Shows Why.," 27 Apr. 2021 William Frey, a demographer at the Brookings Institution in Washington, D.C., warned that even a recovering economy may not change the trend with the population aging rapidly and immigration contentious. Time, "New York and California Lose Congressional Seats, Texas and Florida Gain After 2020 Census," 27 Apr. 2021 These improvements translate to a better local economy, which boosts the business climate for all companies. CNN, "Nearly 70 million Americans have criminal records. We must give them a second chance," 27 Apr. 2021 Efforts are under way to adapt that currency to a more energy efficient model, which could create a greener NFT economy. Emilio Garcia-ruiz, San Francisco Chronicle, "Can NFTs fund local news? We're selling one to find out," 27 Apr. 2021 The idea began from inventory managers working at Givenchy and Kenzo and was brought to LVMH’s DARE program which is a platform within the company that allows workers to propose ideas that promote a more circular fashion economy. Sophie Mellor, Fortune, "LVMH launches luxury deadstock resale site—making good on the fashion industry’s past mistakes," 27 Apr. 2021

These 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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First Known Use of economy

Noun

15th century, in the meaning defined at sense 4

Adjective

1821, in the meaning defined above

History and Etymology for economy

Noun

Middle French yconomie, from Medieval Latin oeconomia, from Greek oikonomia, from oikonomos household manager, from oikos house + nemein to manage — more at vicinity, nimble

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Time Traveler for economy

Time Traveler

The first known use of economy was in the 15th century

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Statistics for economy

Last Updated

1 May 2021

Cite this Entry

“Economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/economy. Accessed 8 May. 2021.

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More Definitions for economy

economy

noun

English Language Learners Definition of economy

 (Entry 1 of 2)

: the process or system by which goods and services are produced, sold, and bought in a country or region
: careful use of money, resources, etc.
: something that makes it possible for you to spend less money

economy

adjective

English Language Learners Definition of economy (Entry 2 of 2)

: designed to cost less money

economy

noun
econ·​o·​my | \ i-ˈkä-nə-mē How to pronounce economy (audio) \
plural economies

Kids Definition of economy

1 : the way in which goods and services are made, sold, and used in a country or area the city's economy
2 : the careful use of money and goods : thrift With economy and restraint, they managed to live on their small income.

economy

noun
econ·​o·​my | \ i-ˈkän-ə-mē How to pronounce economy (audio) \
plural economies

Medical Definition of economy

1 : the system of operation of the processes of anabolism and catabolism in living bodies the economy of the cell
2 : the body of an animal or plant as an organized whole disorganizing wide segments of the body economy— Leonard Engel

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Comments on economy

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