| 1. |
(noun) an act of economizing; reduction in cost; "it was a small economy to walk to work every day" or "there was a saving of 50 cents" |
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Synonyms: saving |
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Related Words: action, curtailment, downsizing, economies of scale, retrenchment |
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| 2. |
(noun) frugality in the expenditure of money or resources; "the Scots are famous for their economy" |
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Synonyms: thriftiness |
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Related Words: frugality, frugalness |
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| 3. |
(noun) the efficient use of resources; "economy of effort" |
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Related Words: efficiency |
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| 4. |
(noun) the system of production and distribution and consumption |
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Synonyms: economic system |
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Related Words: free enterprise, industrialism, laissez-faire economy, market economy, non-market economy, state capitalism, state socialism, system |
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