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economy - definition and synonyms


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noun economy pronunciation in American English /ɪˈkɑnəmi/
Word Forms
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  1. 1
    [countable] the system by which a countrys trade, industry, and money are organized
    a modern industrial economy
    the high-growth economies of Southeast Asia
    a market/capitalist/planned economy
    1. a.
      the whole of a countrys business, industry, and trade, and the money that they produce
      Between 1982 and 1988 the economy grew at an average of about 3 percent per year.
      boost/stimulate/revive the economy (=make it stronger): The government has promised to boost the flagging economy.
    2. b.
      a country considered as an economic system
      three of the fastest-growing economies in the Asia-Pacific region
  2. 2
    [uncountable] the careful use of money, products, or time so that very little is wasted
    In those days, fuel economy was a central factor in car design.
    The audit will concentrate on the economy and efficiency of production.
    1. a.
      [uncountable] the use of the smallest number of words or movements needed to express or do something well
      economy of: The play achieves its effects with a terrific economy of language.
    2. b.


      [plural] ways of saving money
      make economies: I’m sure, if we make a few economies, we’ll be able to afford it.


a meal served in the evening which consists of foods traditionally eaten at breakfast

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