SINCE 1828

An Encyclopædia Britannica Company

the economy

noun

Definition of the economy

: the system in one's country of producing, buying, and selling goods

People are worried about (the state of) the economy.

Word by Word Definitions

economy play

: the structure or conditions of economic life in a country, area, or period
: thrifty and efficient use of material resources : frugality in expenditures
: efficient and concise use of nonmaterial resources (such as effort, language, or motion)

: designed to save money

See the full definition of economy

Seen and Heard

What made you want to look up the economy? Please tell us where you read or heard it (including the quote, if possible).

show

WORD OF THE DAY

cathexis

play

investment of mental or emotional energy

Words at Play

alt-5ade0f1ca7a0c

'Complement' vs. 'Compliment'

The distinction is clear (now).

Words from Letters in the Greek Alphabet

When English borrows from another alphabet

alt-5ada140ed3e28

'Preventive' or 'Preventative'?

alt-5ad8fc71357ed

Words We're Watching: 'Bluebeard,' the Verb

No, it's not a coiffure trend

Ask the Editors

2017 Word of the Year: Behind the Scenes

How we chose 'feminism'

video-title-words-of-the-year-1066

Words of the Year: 1066

Or, Why Pig Meat is Called 'Pork' and Cow Meat is Called 'Beef'

video-literally

Literally

How to use a word that (literally) drives some people nuts.

video-his-or-her

Is Singular 'They' a Better Choice?

The awkward case of 'his or her'

Word Games

Odd Habits and Quirks Quiz

Test your knowledge of strange human behaviors.

Take the quiz

cats-on-impossible-timber

More Confusing Words—Quiz

How many of these commonly confused words do you know?

Take the quiz

Name That Thing

Name That Thing

Test your visual vocabulary with our 10-question challenge!

Take the quiz

Word Winder's CrossWinder

Word Winder's CrossWinder

A game of winding words.

Play the game