economy

noun
econ·​o·​my | \ i-ˈkä-nə-mē , 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

Such off-the-books transactions would be impossible in a fully cashless economy. Town & Country, "Is This the End of Cash?," 28 Jan. 2019 The lawsuit highlights how, in a retail economy increasingly dictated by e-commerce and home delivery, the downsides can often be out of sight, and out of mind. Patrick Sisson, Curbed, "Your online shopping is polluting this small town," 20 Nov. 2018 The growth in speed is important as the internet undergirds more of our daily lives and the wider economy. Rani Molla, Recode, "U.S. internet speeds rose nearly 40 percent this year," 12 Dec. 2018 Finally, the Ford gets outstanding fuel economy for a full-size truck. Ezra Dyer, Popular Mechanics, "Diesel Truck Battle (Non-HD): F-150 Diesel Vs. Nissan Titan XD," 25 Jan. 2019 Germany’s economy has grown 31% since the euro’s creation, Italy’s 7%. Tom Fairless, WSJ, "A Tale of Two Companies—and Two Countries," 20 Jan. 2019 His solution is to give every citizen $1,000 a month to stimulate the economy. Cady Drell, Marie Claire, "Everybody Running for President in 2020," 18 Jan. 2019 Bryce Covert is an independent journalist writing about the economy. Bryce Covert, Glamour, "“At What Point Do We Have to Start Shutting Down?” Domestic Violence Shelters Struggle to Survive the Government Shutdown," 14 Jan. 2019 And thanks to exclusively business class and premium economy long haul flights on Singapore Airlines, spending nearly 19 hours in the air didn't actually suck. Cnt Editors, Condé Nast Traveler, "A Year in Travel 2018: Travelogue Podcast," 28 Dec. 2018

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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Learn More about economy

Statistics for economy

Last Updated

18 Feb 2019

Look-up Popularity

Time Traveler for economy

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

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More Definitions for economy

economy

noun

Financial 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)

: 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 \
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.

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economy

noun
econ·​o·​my | \ i-ˈkän-ə-mē \
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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