Meaning & use
economy
The system by which a country or region produces, distributes, and consumes goods, services, and money.
See it in a sentence
The nation's economy grew steadily despite rising prices around the world.
Small businesses form an important part of the local economy.
A note on using this word
Economy can also mean careful, efficient use of resources, as in 'she wrote with great economy of language.'
Words with a similar meaning
This term is best learned through its definition and examples.
Choose a synonym to suit the sentence. Meanings can overlap without being identical.
Another way to use it
2. noun
Careful and efficient use of resources, money, or words.
He explained the whole plan with remarkable economy, using only a few sentences.
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