Meaning of economy in English | Powered by Free Dictionary API

noun

• Effective management of a community or system, or especially its resources.

• The study of money, currency and trade, and the efficient use of resources.

• Frugal use of resources.

  Example: economy of word

• The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.

• The method of divine government of the world. (See w:Economy (religion).)

• The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.

• Management of one’s residency.

adjective

• Cheap to run; using minimal resources; representing good value for money.

  Example: Economy size.