Defenition of the word economy
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Defenition of the word economy
- The system of activities and administration through which a society uses its resources to produce wealth.
- the efficient use of resources; "economy of effort"
- the system of production and distribution and consumption
- an act of economizing; reduction in cost; "it was a small economy to walk to work every day" or "there was a saving of 50 cents"
- frugality in the expenditure of money or resources; "the Scots are famous for their economy"
- an act of economizing; reduction in cost; "it was a small economy to walk to work every day"; "there was a saving of 50 cents"
- an act of economizing; reduction in cost
- frugality in the expenditure of money or resources
- the efficient use of resources
Synonyms for the word economy
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- belt-tightening exercise
- budget
- cheap
- cost-cutting
- cost-cutting measure
- country
- cutback
- economic system
- family
- financial prudence
- financial system
- market
- nation
- reduced
- reduction
- saving
- scaling-down
- thrift
- thriftiness
- wealth
Similar words in the economy
Meronymys for the word economy
Hyponyms for the word economy
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- curtailment
- downsizing
- economy of scale
- free enterprise
- industrialism
- laissez-faire economy
- market economy
- mixed economy
- non-market economy
- private enterprise
- retrenchment
- state capitalism
- state socialism
Hypernyms for the word economy
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- action
- efficiency
- frugality
- frugalness
- scheme
- system
See other words
