Economy

/ɪkˈɒnəmi/

/iˈkɑnəmi/, /ɪˈkɑnəmi/

Economy

the system in which money, goods, and services are produced or distributed in a country or region

an act of economizing; reduction in cost

synonyms : saving

frugality in the expenditure of money or resources

the efficient use of resources

Examples

1. The economy is struggling.

2. The consumer has been driving the economy for a number of years.

3. The fishing industry is important to the local economy.

4. The market crash in 2008 knocked the daylights out of the economy, causing widespread unemployment and financial hardship.