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economy

Definition from Dictionary, a free dictionary
No burden is so heavy for a man to bear as a succession of happy days.
Max Muller
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English

Alternative spellings

Etymology

From [[w:Template:lang:la language|Template:lang:la]][[Category:Template:lang:la derivations]] oeconomia from Ancient Greek οἰκονομία (oikonomia), management of a househould, administration) from οἶκος (oikos), house) + νόμος (nomos), law). The first recorded sense of the word "economy", found in a work possibly composed in 1440, is "the management of economic affairs", in this case, of a monastery.

Pronunciation

Noun

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Singular
economy

Plural
econom

economy (econom)
  1. Effective management of the resources of a community or system.
  2. The collective focus of the study of money, currency and trade, and the efficient use of resources.
  3. Frugal use of resources.
  4. The overall measure of a currency system; as the national economy.
  5. (theology) The method of divine government of the world.

Derived terms

Related terms

Translations

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Adjective

economy (not comparable)

Positive
economy

Comparative
not comparable

Superlative
none (absolute)

  1. cheap to run; using minimal resources; representing good value for money.
    "He bought an economy car."
    "Economy size".

Translations

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