economy

noun
UK: /ɪˈkɒn.ə.mi/
US: /ɪˈkɑː.nə.mi/

  1. The system of how money is made and used in a country or area.

    1. The local economy is based on tourism. [ ] [ ]
    2. The government is trying to improve the national economy with new policies. [ ] [ ]

  2. Careful use of money, time, or resources to avoid waste.

    1. For economy, we drove instead of flying. [ ] [ ]
    2. The new engine provides greater fuel economy compared to older models. [ ] [ ]

Synonyms

finance thrift frugality saving management conservation
economy verb

  1. To use something carefully to reduce waste.

    1. We should economy our use of water. [ ] [ ]
    2. They need to economy on heating costs during the winter months. [ ] [ ]
economy adjective

  1. Cheaper or more efficient than usual.

    1. This is an economy car. [ ] [ ]
    2. We flew economy class to save money on the trip. [ ] [ ]

Frequently Asked Questions

The word "economy" in English means: The system of how money is made and used in a country or area., Careful use of money, time, or resources to avoid waste..

The phonetic transcription of "economy" is /ɪˈkɒn.ə.mi/ in British English and /ɪˈkɑː.nə.mi/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "economy": finance, thrift, frugality, saving, management, conservation.

Example usage of "economy": "The local economy is based on tourism.". More examples on the page.