economy
Listen:Concise Oxford English Dictionary © 2008 Oxford University Press:
economy/ɪˈkɒnəmi/
▶noun (pl. economies)
- 1 the state of a country or area in terms of the production and consumption of goods and services and the supply of money.
■ a country or area having a particular economy: a free-market economy.
- 2 careful management of available resources.
■ [as modifier] offering good value for money: an economy pack.
■ a financial saving.
- 3 (also economy class) the cheapest class of air or rail travel.
– phrases
economy of scale a proportionate saving in costs gained by an increased level of production.
economy of scale a proportionate saving in costs gained by an increased level of production.
– origin C15: from Fr. économie, or via L. from Gk oikonomia ‘household management’, based on oikos ‘house’ + nemein ‘manage’.
'economy' also found in these Oxford entries:
aggregate
- banana republic
- black economy
- buoyant
- coach
- command economy
- deflate
- deflation
- deindustrialization
- depression
- dollarization
- econometrics
- economic
- economy-class syndrome
- epergne
- false economy
- grey
- inflate
- interventionist
- knowledge economy
- mainstay
- managed economy
- marketization
- mature
- mixed economy
- monetarism
- overheat
- parlous
- peasant economy
- pickup
- pink
- planned economy
- political economy
- post-industrial
- private sector
- public sector
- reflate
- reinflate
- rich
- saving
- sector
- shadow economy
- social market economy
- spell
- squeeze
- stagflation
- tiger
- treasury
- underground economy
