Laxi Dictionary

English Dictionary

Define dictionary terms easily in our powerful online English dictionary.

Searching for...

No matching words found

Try a different search term or browse the dictionary

Definition economy in British English

economy noun

noun
/ɪˈkɒnəmi/
1

the system by which a country's trade, industry, and money are organized

Example

a modern industrial economy

Example

the high-growth economies of Southeast Asia

Example

a market/capitalist/planned economy

Synonyms and related words
agronomics austerity boom
1.1

the whole of a country's business, industry, and trade, and the money that they produce

Example

Between 1982 and 1988 the economy grew at an average of about 3 per cent per year.

Example

The government has promised to boost the flagging economy.

Synonyms and related words
agronomics austerity boom
1.2

a country considered as an economic system

Example

three of the fastest-growing economies in the Asia-Pacific region

Synonyms and related words
capitalism command economy communism
2

the careful use of money, products, or time so that very little is wasted

Example

In those days, fuel economy was a central factor in car design.

Example

The audit will concentrate on the economy and efficiency of production.

Synonyms and related words
at full stretch devoted disuse
2.1

the use of the smallest number of words or movements needed to express or do something well

Example

The play achieves its effects with a terrific economy of language.

Synonyms and related words
at full stretch devoted disuse
2.2

ways of saving money

Example

I'm sure, if we make a few economies, we'll be able to afford it.

Synonyms and related words
thrifty economical frugal
3

the cheapest seats on a plane

Synonyms and related words
accompanied baggage aerial airdash
Definition economy in British English

Related Words

Words related to economy:

(a) false economy (phrase) attention economy (noun) business class (noun) circular economy (noun) command economy (noun) concierge economy (noun) economy (noun) economy (adjective) economy class (noun) economy class syndrome (noun) economy drive (noun) false economy (noun) for reasons of (phrase) gig economy (noun) global economy (noun) information economy (noun) knowledge economy (noun) market economy (noun) mixed economy (noun) old economy () political economy (noun) sharing economy (noun) the black economy (noun) the digital economy (noun) the new economy (noun) tiger economy (noun) tollbooth economy (noun) world economy (noun)