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    economy

    economy - Dictionary definition and meaning for word economy

    Definition
    (noun) the system of production and distribution and consumption
    Synonyms : economic system
    Definition
    (noun) the efficient use of resources
    Example Sentence
    • economy of effort
    Definition
    (noun) frugality in the expenditure of money or resources
    Synonyms : thriftiness
    Example Sentence
    • the Scots are famous for their economy
    Definition
    (noun) an act of economizing; reduction in cost
    Synonyms : saving
    Example Sentence
    • it was a small economy to walk to work every day
    • there was a saving of 50 cents
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