26984 words

economy

8 definitions • 26 examples
1
the system of trade and industry by which the wealth of a country is made and used:

Examples:

global economy Technology companies are driving the global economy.
the German/US economy
the state of the economy Investors remain cautious about the state of the economy.
weak economy Tourism can help to boost a weak economy.
strong economy A strong economy results in higher property prices.
Tourism contributes millions of pounds to the local economy.
2
the intentional saving of money or, less commonly, the saving of time, energy, words, etc.:

Examples:

make economies They've had to make economies since Nathan lost his job.
This can be done by machines with more speed and economy.
She writes with such economy - I've never known a writer say so much in so few words.
3
the system of trade and industry by which the wealth of a country or region is made and used:

Examples:

Tourism contributes millions of dollars to the region’s economy.
4
the careful use and management of money or of time, energy, words, etc.:

Examples:

For the purpose of economy, you may prefer to use a cheaper cut of meat in this recipe.
5
the system of making money and producing and distributing goods and services within a country or region:

Examples:

The property and construction industries are no longer as dominant in the economy as they used to be.
India has one of the fastest-growing economies in the world.
a booming/strong/robust economy
a slowing/weak/stagnant economy
an emerging/a developing/a developed economy Hong Kong, Singapore, South Korea, and Taiwan are often categorized as emerging economies.
stimulate/boost/jump-start the economy New legislation has boosted the rural economy as well as supporting local communities.
an economy grows/slows/recovers In the year to the second quarter of 2007, the UK economy grew by 3.1%.
a knowledge-/service-/cash-based economy
a slowdown/downturn in the economy The Society of Motor Manufacturers and Traders said the decline in sales reflected the downturn in the economy.
6
the fact of not spending more money, using more resources, etc. than you need to:

Examples:

Many manufacturing processes have been outsourced to Eastern Europe for reasons of economy.
7
→

Examples:

Executives at the firm now fly economy, rather than club class.
8
something that seems to be a good way of saving money but is not:

Examples:

Going abroad without travel insurance is a false economy if you are ill and need costly medical treatment.

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