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Economy (Noun)

Meaning 1

The system of production and distribution and consumption.

Classification

Nouns denoting groupings of people or objects.

Synonyms

  • Economic System

Hypernyms

  • Scheme

Hyponyms

  • Free Enterprise
  • Private Enterprise
  • Laissez-faire Economy

Related Words

  • Economist (noun)
  • Economical (adjective)
  • Economic (adjective)

Meaning 2

The efficient use of resources; "economy of effort".

Classification

Nouns denoting cognitive processes and contents.

Examples

  • The company's focus on economy of effort led to significant cost savings and increased productivity.
  • The athlete's economy of movement allowed her to conserve energy and maintain a steady pace throughout the marathon.
  • The engineer's design prioritized economy of resources, minimizing waste and reducing environmental impact.
  • The team's economy of motion was impressive, with each player working together seamlessly to achieve their goals.
  • The chef's economy of ingredients was evident in the simple yet flavorful dish she created with minimal waste.

Related Words

  • Economist (noun)
  • Economize (verb)
  • Economical (adjective)
  • Economic (adjective)

Meaning 3

An act of economizing; reduction in cost; "it was a small economy to walk to work every day"; "there was a saving of 50 cents".

Classification

Nouns denoting acts or actions.

Examples

  • The new company policy was an economy measure to reduce costs and increase profits.
  • It was a small economy to cancel the newspaper subscription and read the news online instead.
  • There was a saving of 50 cents by buying the store brand instead of the name brand.
  • The city implemented an economy plan to reduce energy consumption and lower the carbon footprint.
  • The family made an economy by cooking meals at home instead of eating out every night.

Synonyms

  • Saving

Hyponyms

  • Curtailment
  • Downsizing

Related Words

  • Economize (verb)
  • Economical (adjective)
  • Economic (adjective)

Meaning 4

Frugality in the expenditure of money or resources; "the Scots are famous for their economy".

Classification

Nouns denoting attributes of people and objects.

Synonyms

  • Thriftiness

Hypernyms

  • Frugalness

Related Words

  • Economize (verb)
  • Economical (adjective)
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