economy
n.
management of resources (i.e. money, goods, etc.); thrift, careful spending
Economy
Economy
economy
Noun
1. the system of production and distribution and consumption
(synonym) economic system
(hypernym) system, scheme
(hyponym) industrialism
(part-meronym) sector
2. the efficient use of resources; "economy of effort"
(hypernym) efficiency
(derivation) save, economize, economise
3. frugality in the expenditure of money or resources; "the Scots are famous for their economy"
(synonym) thriftiness
(hypernym) frugality, frugalness
(derivation) save, economize, economise
4. an act of economizing; reduction in cost; "it was a small economy to walk to work every day"; "there was a saving of 50 cents"
(synonym) saving
(hypernym) action
(hyponym) retrenchment, curtailment, downsizing
(derivation) save, economize, economise
Economy
(n.)
Thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony.
(n.)
The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the Jewish economy.
(n.)
The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.
(n.)
Orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth; as, political economy.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
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