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economy

e·con·o·my [ i kónnəmee ]


noun  (plural e·con·o·mies)
Definition:
 
1. effectiveness: efficiency and conservation of effort in the operation or achievement of something
a graceful economy of movement

2. financial affairs: the production and consumption of goods and services of a community regarded as a whole
a gradual shift from an agricultural to an industrial economy

3. reduced expenditure: a financial saving, or an attempt to reduce expenditure
need to make economies

4. thrift: the prudent managing of resources to avoid extravagant expenditure or waste

5. travel 
Same as  economy class




adjective 
Definition:
 
economics finance cheaper: intended to be cheaper or give better value

[15th century. Directly or via French< Latin oeconomia< Greek oikonomia< oikonomos "steward of a household" < oikos "house" + nemein "manage"]
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