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Noun: economy  i'kó-nu-mee
  1. The system of production and distribution and consumption
    - economic system
     
  2. The efficient use of resources
    "economy of effort"
     
  3. Frugality in the expenditure of money or resources
    "the Scots are famous for their economy";
    - thriftiness
     
  4. An act of economizing; reduction in cost
    "it was a small economy to walk to work every day";
    - saving

Derived forms: economies

Type of: action, efficiency, frugality, frugalness, scheme, system

Encyclopedia: Economy, PA