economy
- noun
- /ɪˈkɑːnəmi/
- Many experts are concerned about how rising prices will affect the local economy and its recovery.
- global economy
- market economy
- emerging economy
Really made this economy great was Tony Blair right.
- Really made this economy great was Tony Blair right.
- In some of our bigger economies, wages are going up.
- They're taking advantage of the economy being so shitty right now.
- We're trying to shift to a low carbon economy around the world.
- And their number one issue is the economy, just like most Americans.
- In fact, Japan's economy contracted more than the US economy did over that.
- America's most valuable role in the global economy is to lead by example.
- And as you guys know, the economy's pretty much open right now.
Examples
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Your generation will transform our economy and create millions of new jobs.
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Now, the emerging economies' impact on the global economy and the advanced economies is rising rapidly.
Academic text (2011) -
Right now, the economy is still quite strong.
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That is how we actually grow the economy, not using stuff up.
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I keep hoping the economy is gonna turn around.
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And their number one issue is the economy, just like most Americans.
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The primary cause recently has been the significant downturn in the economy following the 2008 economic crisis.
Academic text (2017) -
The structural trends affecting the U.S. economy cannot be explained by changes in technology alone.
Academic text (2011) -
Unemployment surged to nearly 12 percent as the economy shrank by about 3 percent.
Academic text (2011) -
Today, we are witnessing a radical integration of national economies into a single global marketplace.
Academic text (2008)
Synonyms
The way a country organizes how it makes, shares, and uses goods and services
The state of money, jobs, and business in a country
The whole economy of a country, including jobs, prices and the money it makes
Antonyms
Compounds
- Specialized
A system where people and businesses buy and sell goods and prices are set by supply and demand
- Specialized
Study of how governments and policies affect making, sharing, and using things and services
An economic system where private people or companies own businesses and try to make money
- Specialized
A system where both private companies and the government own and run businesses
A system where the state or community owns major businesses and resources instead of private owners
- Specialized
Hidden business activity not recorded by the government, like unreported cash sales or illegal trade
A system where the government controls what is made, how goods are shared, and their prices
- Specialized
A system where the government decides prices and directs goods and investment
- Specialized
An economy where the government decides what is made and sets prices instead of markets
A major book by Karl Marx about how capitalism works
- Specialized
An economy where businesses operate with little government control
- Texting
A digital system that gives tokens for actions and lets users trade or spend them for services
- Specialized
A system that gives tokens for good behavior and lets people exchange them for rewards
How Strong
- Specialized
Surface Forms
Etymology
Economy comes from the Greek oikonomia, from oikos 'house' and nomos 'management'. That's why we call the way a country organizes money, goods, and jobs its economy — it is like managing a very large 'house' for all the people.