economy
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/ɪkˈɒnəmi/

Definition & Meaning of "economy"in English

Economy
01

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

economy definition and meaning
Examples
The country 's economy grew rapidly due to investments in technology and infrastructure.
02

the practice of reducing expenditure or conserving resources

Examples
They achieved economy by cutting unnecessary expenses.
economy
01

using resources efficiently or sparingly, often emphasizing cost savings or minimal waste

Examples
Economy cars are designed for drivers who want reliability without the hefty price tag.
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