economy

e-con-o-my · noun

imported

Definitions

noun

  1. 1.

    The system of production, distribution, and consumption of goods and services in a region or country.

  2. 2.

    Careful management of resources to avoid waste.

  3. 3.

    Financial saving or reduced cost.

  4. 4.

    (As modifier) Inexpensive; budget.

Forms

plural: economies

Related words

Antonyms: extravagance, waste
See also: economic, economics, finance
Synonyms: financial system, frugality, thrift

Etymology

From Greek oikonomia meaning "household management, thrift," from oikos meaning "house" and nemein meaning "to manage, distribute." Originally referred to managing a household, then extended to national wealth management.