economy

Definitions

1. noun

   The system of making, selling and buying goods and services in a country.

   Examples

   • The economy grew steadily last year.
   • Analysts predicted a slowdown in the economy.
2. noun

   The study of money, trade and how resources are used.

   Examples

   • She studied economics at university.
   • His research focused on the economies of developing nations.
3. noun

   The way a government manages its money and resources, in old-fashioned use.

   Examples

   • The council managed the city's money carefully.
   • The kingdom's treasury ran the economy with great care.
4. noun

   The careful and simple way something is arranged or designed.

   Examples

   • Critics liked the simple structure of the novel.
   • The architect praised the building's efficient design.
5. noun

   Careful use of money, time or other resources without waste.

   Examples

   • She writes with great economy of words.
   • Economy in daily spending helped them save money.
6. noun

   In religion, the way God is believed to run the world.

   Examples

   • Theologians debated how God's plan saves people.
   • The sermon talked about God's plan for the world.
7. noun

   Careful management of a home and its money.

   Examples

   • They lived very carefully to save for the house.
   • Her careful household budget kept expenses low.
8. noun

   The cheapest class of seats on a plane or train.

   Examples

   • We flew economy to save money.
   • He upgraded from economy to first class.
9. noun

   The natural way living things grow, feed and survive together.

   Examples

   • The forest's natural balance depends on every plant and animal.
   • Scientists studied how the reef ecosystem works.
10. noun

    A set of rules and customs in a religion or group, in old-fashioned use.

    Examples

    • The temple followed a strict set of religious rules.
    • Their customs of worship decided every festival.