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economy
noun
-
economy
,
economies
the
system
of
making
,
selling
,
and
using
goods
and
services
in
a
country
or
area
•
The
country's
economy
grew
by
five
percent
last
year
.
The
country's
economy
grew
by
five
percent
last
year
.
•
Tourism
is
vital
to
the
island's
economy
.
Tourism
is
vital
to
the
island's
economy
.
From
Middle
French
économie
,
from
Latin
oeconomia
,
from
Ancient
Greek
oikonomía
“
management
of
a
household
,
administration
,”
from
oîkos
“
house
”
+
némo
“
manage
.”
noun
-
economy
the
practice
of
using
money
,
time
,
or
resources
carefully
so
that
none
is
wasted
•
With
careful
economy
,
the
family
managed
to
save
enough
for
a
vacation
.
With
careful
economy
,
the
family
managed
to
save
enough
for
a
vacation
.
•
The
design
of
the
car
shows
great
economy
of
fuel
.
The
design
of
the
car
shows
great
economy
of
fuel
.
Same
historical
roots
as
the
main
sense
,
but
by
the
late
16th
century
it
was
used
figuratively
for
prudent
management
of
resources
.
adjective
cheap
or
designed
to
cost
less
than
usual
•
We
bought
economy
tickets
to
save
money
on
the
flight
.
We
bought
economy
tickets
to
save
money
on
the
flight
.
•
The
hotel
offers
an
economy
breakfast
option
for
budget
travelers
.
The
hotel
offers
an
economy
breakfast
option
for
budget
travelers
.
Evolved
in
the
early
20th
century
as
an
attributive
use
of
the
noun
,
advertising
products
or
services
aimed
at
cost-conscious
consumers
.
