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

economy

n

economic

adj

economic

adj

economics

n

economics

n

economist

n

economist

n
example
Example
The country's economy grew rapidly due to investments in technology and infrastructure.
A diversified economy is less susceptible to economic downturns in specific industries.
The global pandemic caused significant disruptions to the economy, affecting businesses and employment worldwide.
High inflation rates can negatively impact an economy by reducing purchasing power and increasing costs.
Government policies play a crucial role in shaping the direction and stability of the economy.
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