economy
Pronunciation:
/iːˈkɒn.ə.mi//iːˈkɑn.ə.mi/noun
Definitions
Effective management of a community or system, or especially its resources.
The study of money, currency and trade, and the efficient use of resources.
Frugal use of resources.
Example: economy of word
The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
adjective
Definitions
Cheap to run; using minimal resources; representing good value for money.
Example: Economy size.