English Explanatory Dictionary

economy

English dictionary entry

Meanings

noun
  1. Effective management of a community or system, or especially its resources.
  2. The regular operation of nature in the generation, nutrition and preservation of animals or plants.
  3. System of management; general regulation and disposition of the affairs of a state or nation, or of any department of government.
  4. A system of rules, regulations, rites and ceremonies.
  5. The disposition or arrangement of any work.
  6. The study of money, currency and trade, and the efficient use of resources.
  7. Frugal use of resources.
  8. The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
  9. The method of divine government of the world. (See Economy (religion) on Wikipedia.Wikipedia .)
  10. The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.
  11. Management of one’s residency.
adj
  1. Cheap to run; using minimal resources; representing good value for money; economical.
adv
  1. In or via the part of a commercial passenger airplane reserved for those paying the lower standard fares.

Pronunciation

/ɪˈkɒ.nə.mi/ /iːˈkɒ.nə.mi/ ĭkŏʹnəmē əkŏʹnəmē /iˈkɑ.nə.mi/ /ɪˈkɑ.nə.mi/ /əˈkɑ.nə.mi/ en-us-economy.ogg /ɪˈkɒn.ə.mi/ /iˈkɒn.ə.mi/ /ɛko.nɔmi/ /iko.nɔmi/ /ɛ~ɪˈkɔnəmi/ /ɪˈkɔn.ə.mi/ /əˈkɒn.ə.mi/ [əˈkɔ̟n.ə.mi]

Word forms

economy economies oeconomy œconomy

Etymology

From Middle English yconomye, yconomy, borrowed via Old French [Term?] or Medieval Latin from Latin oeconomia, from Ancient Greek οἰκονομία (oikonomía, “management of a household, administration”), from οἶκος (oîkos, “house”) + νέμω (némō, “distribute, allocate”). By 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.

Related words

macroeconomics microeconomics economics

Derived words

agroeconomy agro-economy attention economy bioeconomy black economy blue economy centrally planned economy circular economy collaborative economy command economy cybereconomy diseconomy dual economy economic economical economism economist economize economocracy economy car economy class economy class syndrome economy model economy of scale economy picking economy rate economy rice economywide economywise e-economy false economy fuel economy gift economy gig economy Goldilocks economy hydrogen economy lithium economy macroeconomy market economy microeconomy micro-economy mixed economy money economy narcoeconomy natural economy palaeoeconomy peer-to-peer economy pharmacoeconomy planned economy policy economy political economy premium economy quaternary sector of the economy reputation economy service economy sex economy share economy sharing economy sheconomy socioeconomy

Translations

Arabic: اِقْتِصاد Belarusian: экано́мія Bulgarian: иконо́мика Bulgarian: стопа́нство Buryat: ажахы Catalan: economia Chinese Mandarin: 經濟 /经济 Danish: økonomi Danish: husholdning Dutch: economie Esperanto: ekonomio Finnish: talous French: économie Fula: 𞤬𞤢𞤺𞥆𞤵𞤣𞤵 Fula: faggudu Fula: ekonomija German: Ökonomie Greek: οικονομία Hungarian: gazdaság Icelandic: hagur Ido: ekonomio Irish: barainneacht Italian: economia Japanese: 経済 Korean: 경제 Latvian: ekonomika Latvian: saimniecība Malay: ekonomi Māori: ōhanga Māori: taiōhanga Mongolian: аж ахуй Norwegian Bokmål: økonomi Occitan: economia Polish: gospodarka Portuguese: economia Russian: эконо́мия Scottish Gaelic: eaconomaidh Serbo-Croatian: gospodarstvo Sicilian: acunumìa Sicilian: cunumìa Sicilian: ecunumìa Spanish: economía Swahili: uchumi Swedish: ekonomi Swedish: hushållning Tagalog: ekonomiya Turkish: ekonomi Turkish: iktisat Turkish: denlik Ukrainian: еконо́мія Urdu: مَعِیشَت
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