economy

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[edit] English

[edit] Alternative spellings

[edit] Etymology

From Latin oeconomia from Ancient Greek οἰκονομία (oikonomia), “‘management of a household, administration’”) from οἶκος (oikos), “‘house’”) + νόμος (nomos), “‘law’”). The first recorded sense of the word "economy", found in a work possibly composed in 1440, is "the management of economic affairs", in this case, of a monastery.

[edit] Pronunciation

[edit] Noun

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Singular
economy

Plural
economies

economy (plural economies)

  1. Effective management of the resources of a community or system.
  2. The collective focus of the study of money, currency and trade, and the efficient use of resources.
  3. Frugal use of resources.
  4. The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
  5. (theology) The method of divine government of the world.

[edit] Derived terms

terms derived from economy

[edit] Related terms

terms related to economy

[edit] Translations

effective management of the resources of a community or system
frugal use of resources
production and distribution and consumption
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[edit] Adjective

economy (not comparable)

Positive
economy

Comparative
not comparable

Superlative
none (absolute)
  1. cheap to run; using minimal resources; representing good value for money.
    "He bought an economy car."
    "Economy size".

[edit] Translations

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