economy

1 of 2

noun

econ·​o·​my i-ˈkä-nə-mē How to pronounce economy (audio)
ə-,
ē-
plural economies
1
: the structure or conditions of economic life in a country, area, or period
also : an economic system
2
a
: thrifty and efficient use of material resources : frugality in expenditures
also : an instance or a means of economizing : saving
b
: efficient and concise use of nonmaterial resources (such as effort, language, or motion)
3
a
: the arrangement or mode of operation of something : organization
b
: a system especially of interaction and exchange
an economy of information
4
archaic : the management of household or private affairs and especially expenses

economy

2 of 2

adjective

: designed to save money
economy cars

Examples of economy in a Sentence

Noun The war altered the country's economy. An increase in tourism will help the city's economy. We must learn to practice economy. We'll also benefit from the economies provided by more efficient energy sources. It would be false economy to repair the leak without replacing the pipe.
Recent Examples on the Web
Noun
Both candidates said the other would be bad for the American economy. Arpan Lobo, Detroit Free Press, 28 June 2024 Up to 50% of these units will be social housing, aimed to avoid displacement of current residents while those who can afford to pay market rate help bolster the local economy, encouraging new businesses to take up leases in the area. Elizabeth Fazzare, Architectural Digest, 27 June 2024 So there's a disconnect between how the local economies experienced and how the national economies experienced. Nik Popli / Aspen, TIME, 27 June 2024 Rural revitalization, a concept introduced by President Xi Jinping in 2017, has become a cornerstone of his national development policy to mitigate income inequality, stimulate local economies and guarantee the food supply. Stephanie Yang, Los Angeles Times, 27 June 2024 See all Example Sentences for economy 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'economy.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Noun

Middle English yconomye, borrowed from Middle French yconomie, economie, borrowed from Medieval Latin yconomia, economia, oekonomia (Late Latin, "organization of the Trinity, plan, dispensation," Latin oeconomia "arrangement of material by an author,"), borrowed from Greek oikonomía "management of a household, direction, arrangement," from oikonómos "manager of a household, steward," (from oîkos "house" + -nomos, noun derivative of némein "to have management or control of, rule, direct") + -ia -y entry 2 — more at vicinity, nimble

Adjective

from attributive use of economy entry 1

First Known Use

Noun

15th century, in the meaning defined at sense 4

Adjective

1821, in the meaning defined above

Time Traveler
The first known use of economy was in the 15th century

Dictionary Entries Near economy

Cite this Entry

“Economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/economy. Accessed 4 Jul. 2024.

Kids Definition

economy

noun
econ·​o·​my
i-ˈkän-ə-mē
plural economies
1
: careful use of money and goods : thrift
2
: a special arrangement or system : organization
3
: the way an economic system (as of a country or a period in history) is arranged
Etymology

Noun

derived from Greek oikonomos "household manager," from oikos "house" and nemein "to manage"

Medical Definition

economy

noun
econ·​o·​my i-ˈkän-ə-mē How to pronounce economy (audio)
plural economies
1
: the system of operation of the processes of anabolism and catabolism in living bodies
the economy of the cell
2
: the body of an animal or plant as an organized whole
disorganizing wide segments of the body economyLeonard Engel

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