economy
Definition from Wiktionary, the free dictionary
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English [edit]
Alternative forms [edit]
Etymology [edit]
From Latin oeconomia, from Ancient Greek οἰκονομία (oikonomia, “management of a household, administration”), from οἶκος (oikos, “house”) + νόμος (nomos, “law”) (surface analysis eco- + -nomy). 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.
Pronunciation [edit]
- (RP) IPA: /iːˈkɒn.ə.mi/, /ɪˈkɒn.ə.mi/, X-SAMPA: /i:"kQn.@.mi/, /I"kQn.@.mi/
- (US) enPR: ĕ'kô'nô'mĕ
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Audio (US) (file)
Noun [edit]
Wikipedia economy (plural economies)
- Effective management of the resources of a community or system.
- Collective focus of the study of money, currency and trade, and the efficient use of resources.
- Frugal use of resources.
- The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
- (theology) The method of divine government of the world.
- (archaic) Management of one’s residency.
Derived terms [edit]
Terms derived from economy
Related terms [edit]
Terms etymologically related to economy
Translations [edit]
effective management of the resources of a community or system
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frugal use of resources
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production and distribution and consumption
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Translations to be checked
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Adjective [edit]
economy (not comparable)
- Cheap to run; using minimal resources; representing good value for money.
- "He bought an economy car."
- "Economy size".