economy
Language: English
Part of speech: noun
Pronunciation: ipa: /ɪˈkɒ.nə.mi/
ipa: /əˈkɒ.nə.mi/
enpr: ĭkŏʹnəmē
enpr: əkŏʹnəmē
ipa: /iːˈkɑ.nə.mi/
ipa: /ɪˈkɑ.nə.mi/
ipa: /əˈkɑ.nə.mi/
note: Indic
ipa: /ɛko.nɔmi/
note: Indic
ipa: /iko.nɔmi/
note: Indic
ipa: /ɛ~ɪˈkɔnəmi/
rhymes: -ɒnəmi
Forms: form: economies
form: oeconomy
form: 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.
Senses: examples: animal economy, vegetable economy
glosses: Effective management of a community or system, or especially its resources.
The regular operation of nature in the generation, nutrition and preservation of animals or plants.
glosses: Effective management of a community or system, or especially its resources.
System of management; general regulation and disposition of the affairs of a state or nation, or of any department of government.
examples: the Jewish economy
glosses: Effective management of a community or system, or especially its resources.
A system of rules, regulations, rites and ceremonies.
examples: text: the economy of a poem
text: The place pleased them so much that they spent all their spare time there, scratching and cutting their names on the top of every tower; and at last, having exhausted all other places, finished up with inscribing H.EAST, T.BROWN, on the minute-hand of the great clock; in the doing of which they held the minute-hand, and disturbed the clock's economy.
ref: 1857, Thomas Hughes, Tom Brown's School Days:
glosses: Effective management of a community or system, or especially its resources.
The disposition or arrangement of any work.
examples: text: He was learning about economy since 7th grade.
glosses: The study of money, currency and trade, and the efficient use of resources.
examples: text: economy of word
text: April 5, 1729, Jonathan Swift, letter to St. John
I have no other notion of economy than that it is the parent to liberty and ease.
text: Every possible economy was carefully investigated and unnecessary expense, however small, eliminated. The company had no money to spare on "frills."
ref: 1956 September, 'Precursor', “The Dursley & Midland Junction Railway”, in Railway Magazine, page 599:
glosses: Frugal use of resources.
examples: text: An economy open to free movement of capital can keep a fixed exchange rate, for example, only by subjugating monetary-policy goals to its defence—by raising interest rates sharply, say, when capital outflows put downward pressure on the currency. Yet the trilemma also implies that an economy can enjoy both free capital flows and an independent monetary policy, so long as it gives up worrying about its exchange rate.
ref: 2013 August 31, “Horns of a trilemma”, in The Economist, volume 408, number 8851:
glosses: The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
examples: text: The economy of God is in Jesus Christ alone.
topics: lifestyle
religion
theology
glosses: The method of divine government of the world. (See Economy (religion) on Wikipedia.Wikipedia.)
glosses: The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.
glosses: Management of one’s residency.
Derived terms: 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
subeconomy
subsistence economy
supereconomy
tangible economy
tiger economy
token economy
transition economy
Related terms: macroeconomics
microeconomics
economics