WordWeb Online

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, Nova Scotia