LookItUpeconomy
Meaning in simple English
US /ɪˈkɑːnəmi/ · UK /ɪˈkɒnəmi/
economy means: The way a country or community uses resources, produces goods, and earns and spends money.
noun
The way a country or community uses resources, produces goods, and earns and spends money.
- The economy is growing.
- Tourism supports the local economy.
- Many businesses struggled when the economy slowed down.
The section of a plane or train with standard seats and lower ticket prices.
- Our seats are in economy.
- Economy was full on that flight.
- They upgraded us from economy to business class.
Careful use of money, time, or materials so that little is wasted.
- Economy was essential because money was scarce.
- The new car offers better fuel economy.
- For reasons of economy, we share an office.
A system in which businesses compete freely and prices depend mainly on what people buy and sell.
- The country has a market economy.
- Prices change freely in a market economy.
- They moved from state control toward a market economy.
The way God orders and guides the world, according to religious teaching.
- The book explores the divine economy.
- The theologian described God's economy as a plan for humanity.
- They discussed the role of grace in the economy of salvation.
adjective
Costing little to buy or use, or giving a lot for the money spent.
- We bought an economy car.
- The economy pack contains twice as much soap.
- They chose the economy model to save money.
adverb
In the standard, lower-priced section of a passenger plane.
- We usually fly economy.
- She travelled economy to keep costs down.
- Would you fly economy on such a long flight?
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Coming soon on the App Store LookItUp app for iPhone and iPadPhrases with economy
- economy class syndrome