the economy

noun
Updated on: 15 Nov 2017

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
  1. : the structure or conditions of economic life in a country, area, or period

  2. : thrifty and efficient use of material resources : frugality in expenditures

  3. : efficient and concise use of nonmaterial resources (such as effort, language, or motion)

  1. : designed to save money


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