Noun: economy i'kó-nu-mee
- The system of production and distribution and consumption
"The country's economy underwent significant reforms";
- economic system
- The efficient use of resources
"economy of effort"
- Frugality in the expenditure of money or resources
"the Scots are famous for their economy";
- thriftiness
- An act of economizing; reduction in cost
"it was a small economy to walk to work every day";
- saving
Derived forms: economies
Type of: action, efficiency, frugality, frugalness, scheme, system
Encyclopedia: Economy, Peter