Definition of Economy
Definition of economy 1
e·con·o·my n. pl. e·con·o·mies
1.
a. Careful, thrifty management of resources, such as money, materials, or labor: learned to practice economy in making out the household budget.
b. An example or result of such management; a saving.
2.
a. The system or range of economic activity in a country, region, or community: Effects of inflation were felt at every level of the economy.
b. A specific type of economic system: an industrial economy; a planned economy.
3. An orderly, functional arrangement of parts; an organized system: “the sense that there is a moral economy in the world, that good is rewarded and evil is punished” George F. Will.
4. Efficient, sparing, or conservative use: wrote with an economy of language.
5. The least expensive class of accommodations, especially on an airplane.
6. Theology The method of God’s government of and activity within the world.
adj.
Economical or inexpensive to buy or use: an economy car; an economy motel.
This was definition of economy by thefreedictionary.com
Definition of economy 2
e⋅con⋅o⋅my [i-kon-uh-mee] noun, plural -mies, adjective, adverb
–noun
1. thrifty management; frugality in the expenditure or consumption of money, materials, etc.
2. an act or means of thrifty saving; a saving: He achieved a small economy by walking to work instead of taking a bus.
3. the management of the resources of a community, country, etc., esp. with a view to its productivity.
4. the prosperity or earnings of a place: Further inflation would endanger the national economy seriously.
5. the disposition or regulation of the parts or functions of any organic whole; an organized system or method.
6. the efficient, sparing, or concise use of something: an economy of effort; an economy of movement.
7. economy class.
8. Theology.
a. the divine plan for humanity, from creation through redemption to final beatitude.
b. the method of divine administration, as at a particular time or for a particular race.
9. Obsolete. the management of household affairs.
–adjective
10. intended to save money: to reduce the staff in an economy move.
11. costing less to make, buy, or operate: an economy car.
12. of or pertaining to economy class: the economy fare to San Francisco.
–adverb
13. in economy-class accommodations, or by economy-class conveyance: to travel economy.
Origin:
1520–30; (< MF economie) < L oeconomia < Gk oikonomíā household management, equiv. to oîko(s) house + -nomia -nomy
Synonyms:
1. thriftiness, thrift, saving.
Antonyms:
1. lavishness, extravagance, wastefulness.
This was definition of economy by dictionary.reference.com
Definition of economy 3
1. The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.
2. Orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth; as, political economy.
3. The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the Jewish economy.
4. Thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony.
This was definition of economy by brainyquote.com
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