economy
4 ENTRIES FOUND:
plural
economies
plural
economies
Britannica Dictionary definition of ECONOMY
1
[count]
:
the process or system by which goods and services are produced, sold, and bought in a country or region
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The war altered the country's economy.
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An increase in tourism will help the city's economy.
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We currently have a strong/weak economy. [=many/few goods and services are being produced, sold, and bought]
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the Mexican economy = Mexico's economy
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the world/global economy
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the region's fishing/information/retail economy
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People are worried about (the state of) the economy. [=their country's economy]
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changes in the economy
2
[noncount]
:
careful use of money, resources, etc.
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We must learn to practice economy.
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a writer known for her economy of language [=her careful use of language; her use of only the words that are most necessary]
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cars with better fuel economy [=cars that use less fuel]
3
:
something that makes it possible for you to spend less money
[count]
-
We'll also benefit from the economies provided by more efficient energy sources.
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Mass production creates economies of scale. [=situations in which it costs less to produce something because you are producing a lot at one time]
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Using cheap materials proved to be a false economy. [=it cost less at first but resulted in more money being spent later]
[noncount]
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It would be false economy to repair the leak without replacing the pipe.
2
economy
/ɪˈkɑːnəmi/
adjective
2
economy
/ɪˈkɑːnəmi/
adjective
Britannica Dictionary definition of ECONOMY
always used before a noun
:
designed to cost less money
— often used in combination
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an economy car [=a car that costs less to buy, drive, maintain, etc.]
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an economy class ticket [=the least expensive kind of airline ticket]
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an economy-size bottle/bag/box [=a large bottle/bag/box that you buy for less money than it would cost to get the same amount in several smaller containers]
