Definition of "economy"
- noun
Effective management of the resources of a community or system.
Collective focus of the study of money, currency and trade, and the efficient use of resources.
Frugal use of resources.
The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
The method of divine government of the world.
Management of one's residency.
- adjective
Cheap to run; using minimal resources; representing good value for money.
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