The definition :
Definitions of economy:
- noun: an act of economizing; reduction in cost
Example: "It was a small economy to walk to work every day"
- noun: frugality in the expenditure of money or resources
Example: "The Scots are famous for their economy"
- noun: the efficient use of resources
Example: "Economy of effort"
- noun: the system of production and distribution and consumption
- name: A surname (very rare: popularity rank in the U.S.: #40852)
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:economic system saving thriftiness sector action efficiency frugality frugalness system curtailment downsizing economies of scale free enterprise industrialism laissez faire economy market economy non market economy retrenchment state capitalism state socialism any bank capitalism culture demand
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