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Economy
01
the system in which money, goods, and services are produced or distributed within a country or region
Examples
The country 's economy grew rapidly due to investments in technology and infrastructure.
High inflation rates can negatively impact an economy by reducing purchasing power and increasing costs.
02
an act of economizing; reduction in cost
Examples
They achieved economy by cutting unnecessary expenses.
Fuel economy is important for long road trips.
03
frugality in the expenditure of money or resources
04
the efficient use of resources
05
something designed to prioritize cost-effectiveness and efficiency over luxury or performance
Examples
Economy cars are designed for drivers who want reliability without the hefty price tag.
Many people prefer an economy hotel for short stays because it's more affordable.
economy
01
efficient or thrifty in its use of resources, often emphasizing cost savings or reduced waste
Lexical Tree
economic
economics
economist
economy
