economy
♦♦♦ econo|my /ɪk'ɒnəmi/ (economies)
1 [N-COUNT]
An economy is the system according to which the money, industry, and trade of a country or region are organized.
Zimbabwe boasts Africa's most industrialised economy.
2 [N-COUNT] usu the N in sing
A country's economy is the wealth that it gets from business and industry.
The Japanese economy grew at an annual rate of more than 10 per cent.
3 [N-UNCOUNT] with supp
Economy is the use of the minimum amount of money, time, or other resources needed to achieve something, so that nothing is wasted.
...improvements in the fuel economy of cars...
4 [N-COUNT] usu pl
If you make economies, you try to save money by not spending money on unnecessary things.
They will make economies by hiring fewer part-time workers.
5 [ADJ] ADJ n
Economy services such as travel are cheap and have no luxuries or extras.
see economy class
6 [ADJ] ADJ n
Economy is used to describe large packs of goods which are cheaper than normal sized packs.
...an economy pack containing 150 assorted screws.
7 [PHRASE] v-link PHR
If you describe an attempt to save money as a false economy, you mean that you have not saved any money as you will have to spend a lot more later.
A cheap bed can be a false economy...black econo|my
[N-SING]
The black economy consists of the buying, selling, and producing of goods or services that goes on without the government being informed, so that people can avoid paying tax on them. (BRIT)
...an attempt to clamp down on the black economy.com|mand econo|my (command economies)
[N-COUNT]
In a command economy, business activities and the use of resources are decided by the government, and not by market forces. (BUSINESS)
...the Czech Republic's transition from a command economy to a market system.econo|my class
[ADJ] ADJ n
On an aeroplane, an economy class ticket or seat is the cheapest available.
The price includes two economy class airfares from Brisbane to Los Angeles.mixed econo|my (mixed economies)
[N-COUNT]
A mixed economy is an economic system in which some companies are owned by the state and some are not. (BUSINESS)po|liti|cal econo|my
[N-UNCOUNT]
Political economy is the study of the way in which a government influences or organizes a nation's wealth.
1 [N-COUNT]
An economy is the system according to which the money, industry, and trade of a country or region are organized.
Zimbabwe boasts Africa's most industrialised economy.
2 [N-COUNT] usu the N in sing
A country's economy is the wealth that it gets from business and industry.
The Japanese economy grew at an annual rate of more than 10 per cent.
3 [N-UNCOUNT] with supp
Economy is the use of the minimum amount of money, time, or other resources needed to achieve something, so that nothing is wasted.
...improvements in the fuel economy of cars...
4 [N-COUNT] usu pl
If you make economies, you try to save money by not spending money on unnecessary things.
They will make economies by hiring fewer part-time workers.
5 [ADJ] ADJ n
Economy services such as travel are cheap and have no luxuries or extras.
see economy class
6 [ADJ] ADJ n
Economy is used to describe large packs of goods which are cheaper than normal sized packs.
...an economy pack containing 150 assorted screws.
7 [PHRASE] v-link PHR
If you describe an attempt to save money as a false economy, you mean that you have not saved any money as you will have to spend a lot more later.
A cheap bed can be a false economy...black econo|my
[N-SING]
The black economy consists of the buying, selling, and producing of goods or services that goes on without the government being informed, so that people can avoid paying tax on them. (BRIT)
...an attempt to clamp down on the black economy.com|mand econo|my (command economies)
[N-COUNT]
In a command economy, business activities and the use of resources are decided by the government, and not by market forces. (BUSINESS)
...the Czech Republic's transition from a command economy to a market system.econo|my class
[ADJ] ADJ n
On an aeroplane, an economy class ticket or seat is the cheapest available.
The price includes two economy class airfares from Brisbane to Los Angeles.mixed econo|my (mixed economies)
[N-COUNT]
A mixed economy is an economic system in which some companies are owned by the state and some are not. (BUSINESS)po|liti|cal econo|my
[N-UNCOUNT]
Political economy is the study of the way in which a government influences or organizes a nation's wealth.