noun (plural economies)
1 (often the economy) [C] the relationship between production, trade and the supply of money in a particular country or region:
The economy is in recession. * the world economy * a market economy (= one in which the price is fixed according to both cost and demand)
2 [C] a country, when you are thinking about its economic system:
Ireland was one of the fastest-growing economies in Western Europe in the 1990s.
3 [C,U] the use of the time, money, etc. that is available in a way that avoids waste:
We need to make substantial economies. * It's a false economy to buy cheap clothes (= it seems cheaper but it is not really since they do not last very long). * She writes with a great economy of words (= using only the necessary words). * (BrE) We're on an economy drive at home. (= trying to avoid waste and spend as little money as possible) * Buy the large economy pack! (= the one that gives you better value for money) * to fly economy (class) (= by the cheapest class of air travel) * an economy fare (= the cheapest)
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About this entry
This is a English–English dictionary entry.
Sourced from Main Dictionary in Lughet's collection.
This word also appears under other sources in Lughet's collection — see the list below.
This entry for economy is sourced from Main Dictionary, one of the dictionaries and corpora merged into Lughet.
Does economy appear elsewhere on Lughet?
Yes — economy appears under other sources or language pairs in Lughet's collection. See the list below.
What is Lughet?
Lughet is a free trilingual dictionary covering nearly five million entries across Uyghur, Chinese, and English, drawn from more than ten source dictionaries and corpora.
