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Economy - Dictionary Definition and Overview |
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Economy : (noun)
1: the system of production and distribution and consumption
[syn: economic system]
2: the efficient use of resources; "economy of effort"
3: frugality in the expenditure of money or resources; "the
Scots are famous for their economy" [syn: thriftiness]
4: an act of economizing; reduction in cost; "it was a small
economy to walk to work every day"; "there was a saving of
50 cents" [syn: saving]
Based on WordNet 2.0
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Economy : \E*con"o*my\, n.; pl. Economies. [F. ['e]conomie, L.
oeconomia household management, fr. Gr. ?, fr. ? one managing
a household; ? house (akin to L. vicus village, E. vicinity)
_ ? usage, law, rule, fr. ne`mein to distribute, manage. See
Vicinity, Nomad.]
1. The management of domestic affairs; the regulation and
government of household matters; especially as they
concern expense or disbursement; as, a careful economy.
Himself busy in charge of the household economies.
--Froude.
2. Orderly arrangement and management of the internal affairs
of a state or of any establishment kept up by production
and consumption; esp., such management as directly
concerns wealth; as, political economy.
3. The system of rules and regulations by which anything is
managed; orderly system of regulating the distribution and
uses of parts, conceived as the result of wise and
economical adaptation in the author, whether human or
divine; as, the animal or vegetable economy; the economy
of a poem; the Jewish economy.
The position which they [the verb and adjective]
hold in the general economy of language. --Earle.
In the Greek poets, as also in Plautus, we shall see
the economy . . . of poems better observed than in
Terence. --B. Jonson.
The Jews already had a Sabbath, which, as citizens
and subjects of that economy, they were obliged to
keep. --Paley.
4. Thrifty and frugal housekeeping; management without loss
or waste; frugality in expenditure; prudence and
disposition to save; as, a housekeeper accustomed to
economy but not to parsimony.
Political economy. See under Political.
Syn: Economy, Frugality, Parsimony. Economy avoids all
waste and extravagance, and applies money to the best
advantage; frugality cuts off indulgences, and proceeds
on a system of saving. The latter conveys the idea of
not using or spending superfluously, and is opposed to
lavishness or profusion. Frugality is usually applied to
matters of consumption, and commonly points to
simplicity of manners; parsimony is frugality carried to
an extreme, involving meanness of spirit, and a sordid
mode of living. Economy is a virtue, and parsimony a
vice.
Based on Webster's Revised Unabridged Dictionary
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Economy, IN (town, FIPS 20152)
Location: 39.97742 N, 85.08712 W
Population (1990): 151 (68 housing units)
Area: 0.3 sq km (land), 0.0 sq km (water)
Zip code(s): 47339
Economy, PA (borough, FIPS 22264)
Location: 40.63840 N, 80.18511 W
Population (1990): 9519 (3373 housing units)
Area: 45.8 sq km (land), 0.2 sq km (water)
Based on Webster's Revised Unabridged Dictionary (1913)
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Example Usage of Economy |
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Cechy: Local Dirt: find, buy, sell local food. Support local Economy, small farms. Food is fresh, no need to burn gas for... http://localdirt.com/ |
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mytechbusiness: Economy, Obama inauguration: Top stories of 2009 - The Associated Press http://twa.lk/pjxUF |
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daytradingguru: Crime Drops Despite Recession: Why hasn't the sagging Economy produced an expected increase in crime? http://bit.ly/6IX2ER |
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