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economy
noun (economies )
1 the organization of money and resources within a nation or community, etc, especially in terms of the production, distribution and consumption of goods and services.
2 a system in which these are organized in a specified way a socialist economy .
3 careful management of money or other resources, avoiding waste and cutting down on spending.
4 (usu economies) an instance of economizing; a saving.
5 efficient or sparing use of something economy of movement .
adjective
a (also economy-class) said of a class of travel, especially air travel: of the cheapest and least luxurious kind;
b (also economy-size or economy-sized) said of a packet of food, etc: larger than the standard or basic size, and proportionally cheaper.
[16c: from Greek oikos house + nemein to control]
© Hodder Education

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