Economy (Noun)
Meaning 1
The system of production and distribution and consumption.
Classification
Nouns denoting groupings of people or objects.
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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.
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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.
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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.