economy

[E*conĀ·o*my]

The general sense of economy is careful management of resources such as money and materials, so as not to waste them, but the more familiar reference is to a system of producing, distributing, and consuming goods and services.

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The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.

Noun
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"

Noun
frugality in the expenditure of money or resources; "the Scots are famous for their economy"

Noun
the efficient use of resources; "economy of effort"

Noun
the system of production and distribution and consumption


n.
The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.

n.
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.

n.
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.

n.
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.


Economy

E*con"o*my , n.; pl. Economies . [F. '82conomie, L. oeconomia household management, fr. Gr. , fr. one managing a household; house (akin to L. vicus village, E. vicinity) + usage, law, rule, fr. to distribute, mange. 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.
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.
In the Greek poets, as also in Plautus, we shall see the economy . . . of poems better observed than in Terence.
The Jews already had a Sabbath, which, as citizens and subjects of that economy, they were obliged to keep.
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.
I have no other notion of economy than that it is the parent to liberty and ease.
The father was more given to frugality, and the son to riotousness [luxuriousness].

The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.

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Usage Examples

After all these years, it's still amazing what Obama is allowed to get away with. He says low gas prices in 2009 were caused by a terrible economy, but then claims that the lower number of illegal aliens crossing the border is because of his border policies, not the same lousy economy.

A successful economic development strategy must focus on improving the skills of the area's workforce, reducing the cost of doing business and making available the resources business needs to compete and thrive in today's global economy.

Barack Obama's life was so much simpler in 2009. Back then, he had refined the cold act of blaming others for the bad economy into an art form. Deficits? Blame Bush's tax cuts. Spending? Blame the wars in Iraq and Afghanistan. No business investment? Blame Wall Street.

But if the choice is a cool president and 8 or 10 percent unemployment in a declining economy and a country that seems to be going in the wrong direction and structural unemployment for young people at 50 percent, I'd rather have a dorky president who fixed those problems.

Barack Obama knows that to create an economy built to last, we need to focus on middle-class families. Families who stay up on Sunday nights pacing the floor, like my dad did, while their children, tucked in bed, dream big dreams. Families who aren't sure what Monday morning will bring, but who believe our nation's best days are still ahead.

A jellyfish is little more than a pulsating bell, a tassel of trailing tentacles and a single digestive opening through which it both eats and excretes - as regrettable an example of economy of design as ever was.

Bringing an end to the conflict between Israel and the Palestinians may help the young Arab generation to realise their aspirations. Israel is more than willing to offer our experience in building a modern economy in spite of limited resources to the whole region.

A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

Misspelled Form

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Other Usage Examples

And that's how we build the economy of the future. An economy with more jobs and less debt, we root it in fairness. We grow it with opportunity. And we build it together.

And you can't have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can't be done.

As the economy faces such difficulties, more tough questions need to be asked about what the Tories would do if elected. Their ideology of free markets and small government needs challenging. That has to be part of our job.

Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen's compensation, health care benefits, welfare, you name it.

As state leaders, I think its important for us to provide our perspectives on issues we face every day - like access to school spending, access to health care and governing in a global economy.

And what we're doing in Ohio is we're moving from a basic manufacturing economy to one that's diversified, including energy and health care and agriculture and IT.

As Congress continues to debate ways to address illegal immigration, we must remember the many hard-working legal immigrants that contribute so much to our nation's economy and culture.

A free and open Internet should not have to be weighed down by legal challenges - its dynamism is essential to our economy.

A free economy is as essential to society as democratic political institutions. A strong market-based economy is the fertile ground for democratic freedoms that we think are important.

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