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| e·con·o·my [ i kónnəmee ] |
noun (plural e·con·o·mies) |
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| Definition: |
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1. effectiveness: efficiency and conservation of effort in the operation or achievement of something
 a graceful economy of movement
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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
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3. reduced expenditure: a financial saving, or an attempt to reduce expenditure
 need to make economies
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4. thrift: the prudent managing of resources to avoid extravagant expenditure or waste
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5. travel Same as economy class
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adjective |
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| Definition: |
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economics finance cheaper: intended to be cheaper or give better value
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| [15th century. Directly or via French< Latin oeconomia< Greek oikonomia< oikonomos "steward of a household" < oikos "house" + nemein "manage"] |