ECONOMY

Definition:

1. [noun] the system of production and distribution and consumption
   Synonyms: economic system
   
   
2. [noun] the efficient use of resources; "economy of effort"
   
   
3. [noun] frugality in the expenditure of money or resources; "the Scots are famous for their economy"
   Synonyms: thriftiness
   
   
4. [noun] 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"
   Synonyms: saving
   
   

Synonyms:

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Related Words:

• industrialism
• market economy, free enterprise, laissez-faire economy
• mixed economy
• non-market economy
• state capitalism
• state socialism
• retrenchment, curtailment, downsizing
• economy of scale