Economy
volume
British pronunciation/ɪkˈɒnəmi/
American pronunciation/iˈkɑnəmi/, /ɪˈkɑnəmi/

Definition & Meaning of "economy"

Economy
01

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

Wiki
02

an act of economizing; reduction in cost

03

frugality in the expenditure of money or resources

04

the efficient use of resources

economy
01

efficient or thrifty in its use of resources, often emphasizing cost savings or reduced waste

example
Example
examples
The government's policies fluctuated the economy.
The economy hit a recession last year.
The economy lags during times of recession.
Sub-Saharan economies rely on agriculture, mining, and tourism for economic growth.
The economy is struggling.
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