from The American Heritage® Dictionary of the English Language, 4th Edition
- n. Careful, thrifty management of resources, such as money, materials, or labor: learned to practice economy in making out the household budget.
- n. An example or result of such management; a saving.
- n. The system or range of economic activity in a country, region, or community: Effects of inflation were felt at every level of the economy.
- n. A specific type of economic system: an industrial economy; a planned economy.
- n. An orderly, functional arrangement of parts; an organized system: "the sense that there is a moral economy in the world, that good is rewarded and evil is punished” ( George F. Will).
- n. Efficient, sparing, or conservative use: wrote with an economy of language.
- n. The least expensive class of accommodations, especially on an airplane.
- n. Theology The method of God's government of and activity within the world.
- adj. Economical or inexpensive to buy or use: an economy car; an economy motel.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. Effective management of the resources of a community or system.
- n. Collective focus of the study of money, currency and trade, and the efficient use of resources.
- n. Frugal use of resources.
- n. The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
- n. The method of divine government of the world.
- n. Management of one’s residency.
- adj. Cheap to run; using minimal resources; representing good value for money.
from the GNU version of the Collaborative International Dictionary of English
- n. The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement.
- n. Orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth.
- n. The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine
- n. Thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save.
- n. See economy.
from The Century Dictionary and Cyclopedia
- n. The management, regulation, or supervision of means or resources; especially, the management of the pecuniary or other concerns of a household: as, you are practising bad economy; their domestic economy needs reform.
- n. Hence A frugal and judicious use of money, material, time, etc.; the avoidance of or freedom from waste or extravagance in the management or use of anything; frugality in the expenditure or consumption of money, materials, etc.
- n. Management, order, or arrangement in general; the disposition or regulation of the parts or functions of any organic whole; an organized system or method: as, the internal economy of a nation; the economy of the work is out of joint.
- n. Specifically— The provisions of nature for the generation, nutrition, and preservation of animals and plants; the regular, harmonious system in accordance with which the functions of living animals and plants are performed: as, the animal economy; the vegetable economy.
- n. The functional organization of a living body: as, his internal economy is badly deranged.
- n. The regulation and disposition of the internal affairs of a state or nation, or of any department of government.
- n. Management; control.
- n. In theology: The practical measures employed in giving effect to a divine dispensation.
- n. The cautious presentation of doctrine, accommodating it to the feelings and prejudices of the hearers: used by J. H. Newman to describe the accommodated method (
κατ)οἰκονομίαν) of the early fathers; in a bad sense, the system of withholding a large portion of gospel doctrine in teaching the mass of Christians.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the efficient use of resources
- n. frugality in the expenditure of money or resources
- n. the system of production and distribution and consumption
- n. an act of economizing; reduction in cost
Middle English yconomye, management of a household, from Latin oeconomia, from Greek oikonomiā, from oikonomos, manager of a household : oikos, house, + nemein, to allot, manage.(American Heritage® Dictionary of the English Language, Fourth Edition)
From Latin oeconomia, from Ancient Greek οἰκονομία (oikonomia, "management of a household, administration"), from οἶκος (oikos, "house") + νόμος (nomos, "law") (surface analysis eco- + -nomy). 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. (Wiktionary)