economy (Meaning)
economy (n)
the system of production and distribution and consumption
the efficient use of resources
frugality in the expenditure of money or resources
an act of economizing; reduction in cost
economy (n.)
The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.
Orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth; as, political economy.
The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the Jewish economy.
Thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony.
Synonyms & Antonyms of economy
Synonyms:
- miserliness
- stinginess
- niggardliness
- retrenchment
- restraint
- forehandedness
- moderation
- penny-pinching
- austerity
- belt-tightening
Antonyms:
No weak antonyms found.
economy Sentence Examples
- The country's economy is experiencing inflation, with the prices of goods and services steadily increasing.
- The recent economic downturn has caused many businesses to close and unemployment to rise.
- The government is implementing new economic policies in an effort to stimulate growth and create jobs.
- The global economy is interconnected, and events in one country can have a ripple effect on economies around the world.
- The economy is cyclical, meaning it goes through periods of growth and recession.
- The health of the economy is often measured by economic indicators such as GDP, inflation, and unemployment rate.
- Economic policies are designed to influence the economy and steer it in a desired direction.
- The government regulates the economy through fiscal policy (taxation and spending) and monetary policy (interest rates and money supply).
- Economists study how the economy works and use economic models to make predictions about future economic trends.
- The economy is a complex system that is constantly evolving, making it challenging to predict and control.
FAQs About the word economy
the system of production and distribution and consumption, the efficient use of resources, frugality in the expenditure of money or resources, an act of economi
frugality, thrift,saving, providence,husbandry, scrimping, parsimony, conservation, skimping, temperance
wastefulness, extravagance, extravagance,wastefulness,diseconomy, squandering, squandering, diseconomy, improvidence, lavishness
The country's economy is experiencing inflation, with the prices of goods and services steadily increasing.
The recent economic downturn has caused many businesses to close and unemployment to rise.
The government is implementing new economic policies in an effort to stimulate growth and create jobs.
The global economy is interconnected, and events in one country can have a ripple effect on economies around the world.
