economy
- noun
- /ɪˈkɒnəmi/
- Just like the man or woman in the street, when I am short one week, I have to make economies the next.
- fuel economy
- economies of scale
- vehicle fuel economy
Examples
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For an efficient farm you need proper upkeep and economies of scale vastly in excess of what you have now.
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For over a century now, since the Crash, we have been adapting to an economy of scarcity.
Fiction book (1999) -
Improved drinking water plays a significant role in the economies of developing countries.
Academic text (2011) -
The New York Transit offers speed, comfort and economy.
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The way you spend that dollar already affects economies and lives around the world.
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The importance of this fact to understanding the role of fuel economy regulation cannot be overemphasized.
Academic text (1990) -
Globalization has thus allowed firms to exploit more fully the economies associated with R&D activities.
Academic text (1999) -
The rationale for merging offices was to eliminate redundancies, reach economies of scale, and strengthen weak offices.
Academic text (1999) -
When planning a budget, it is essential to make economies to save money for future expenses.
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The new policy aimed at promoting economies within the organization to increase profitability.
Synonyms
A decision by a government or organization to use less money
Steps a company takes to spend less money
The act of reducing spending and using resources better to save money
An old word for careful use of money to save and avoid waste
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 Economical
Surface Forms
Etymology
Economy comes from the Greek oikonomia, with oikos 'house' and nomos 'management', so it originally meant careful household running. That is why an economy can also mean a small saving or a cut in spending — a simple way to spend less and save money.