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- Dictionaryeconomy/ɪˈkɒnəmi/
noun
- 1. the state of a country or region in terms of the production and consumption of goods and services and the supply of money: "he favours tax cuts to stimulate the economy" Similar
- 2. careful management of available resources: "fuel economy" Similar Opposite
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May 16, 2024 · An economy is a system of interrelated production and consumption activities that ultimately determine the allocation of resources within a group. The production and...
ECONOMY definition: 1. the system of trade and industry by which the wealth of a country is made and used: 2. the…. Learn more.
An economy [a] is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. [3] .
The meaning of ECONOMY is the structure or conditions of economic life in a country, area, or period; also : an economic system. How to use economy in a sentence.
Jun 17, 2024 · The economy is the total of all activities related to the production, sale, distribution, exchange, and consumption of limited resources by a group of people...
Economy definition: the complex of activities related to the consumption, production, and trade of goods and services, as an ongoing functioning system. See examples of ECONOMY used in a sentence.
The word economy describes how a country or place is doing in making goods, and how much money it has. The amount a country sells and makes is called economic...
Definition of economy noun from the Oxford Advanced Learner's Dictionary. economy. noun. /ɪˈkɒnəmi/ /ɪˈkɑːnəmi/ (plural economies) (often the economy) [countable] the relationship between production, trade and the supply of money in a particular country or region. The economy is in recession.
ECONOMY meaning: 1 : the process or system by which goods and services are produced, sold, and bought in a country or region; 2 : careful use of money, resources, etc.
The general sense of economy is careful management of resources such as money and materials, so as not to waste them, but the more familiar reference is to a system of producing, distributing, and consuming goods and services.
