economy Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “economy” in the English Dictionary

"economy" in British English

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economynoun

uk   /ɪˈkɒn.ə.mi/  us   /-ˈkɑː.nə-/
  • economy noun (SYSTEM)

B2 [C] the ​system of ​trade and ​industry by which the wealth of a ​country is made and used: the global economy the ​German/US economy the state of the economy a weak/strong economy Tourism ​contributes millions of ​pounds to the ​local economy.

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  • economy noun (SAVING MONEY)

[C or U] the ​intentionalsaving of ​money or, less ​commonly, the ​saving of ​time, ​energy, words, etc.: They've had to make economies since Nathan ​lost his ​job. This can be done by ​machines with more ​speed and economy. She writes with such economy - I've never ​known a ​writer say so much in so few words.
(Definition of economy from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"economy" in American English

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economynoun

 us   /ɪˈkɑn·ə·mi/
  • economy noun (SYSTEM)

social studies [C] the ​system of ​trade and ​industry by which the ​wealth of a ​country or ​region is made and used: Tourism ​contributes millions of ​dollars to the region’s economy.
  • economy noun (SAVING MONEY)

[U] the ​careful use and ​management of ​money or of ​time, ​energy, words, etc.: For the ​purpose of economy, you may ​prefer to use a ​cheapercut of ​meat in this ​recipe.
(Definition of economy from the Cambridge Academic Content Dictionary © Cambridge University Press)

"economy" in Business English

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economynoun

uk   us   /ɪˈkɒnəmi/ (plural economies)
[C] ECONOMICS the ​system of making ​money and ​producing and ​distributinggoods and ​services within a country or ​region: On ​average, China ​accounts for almost half of the ​totalexportgrowth of East Asian economies. The ​property and ​constructionindustries are no ​longer as ​dominant in the economy as they used to be. India has one of the fastest-growing economies in the ​world.the global/national/local economy Political ​leadersexpressedconcern at the ​effect of ​increasingoilprices on the ​global economy. a booming/​strong/​robust economy a slowing/​weak/​stagnant economyan emerging/a developing/a developed economy Hong Kong, Singapore, South Korea, and Taiwan are often ​categorized as ​emerging economies.stimulate/boost/jump-start the economy New ​legislation has ​boosted the ​rural economy as well as ​supportinglocalcommunities.an economy grows/slows/recovers In the ​year to the second ​quarter of 2007, the UK economy ​grew by 3.1%. a knowledge-/service-/cash-based economya slowdown/downturn in the economy The Society of Motor Manufacturers and Traders said the ​decline in ​sales reflected the ​downturn in the economy.
[C or U] the fact of not ​spending more ​money, using more ​resources, etc. than you need to: Many ​manufacturingprocesses have been ​outsourced to Eastern ​Europe for reasons of economy. Higher ​licencefees can tempt ​commercialorganizations to make economies on ​servicequality.
[U] TRANSPORT →  economy class : Executives at the ​firm now fly economy, rather than ​clubclass.
a false economy something that seems to be a good way of ​savingmoney but is not: Going abroad without ​travelinsurance is a ​false economy if you are ill and need ​costlymedicaltreatment.
(Definition of economy from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “economy”
in Korean 경제…
in Arabic اقْتِصاد…
in Malaysian ekonomi…
in Russian экономика, экономия…
in Chinese (Traditional) 制度, 經濟, 經濟制度…
in Italian economia…
in Turkish ekonomi, iktisat, tutumluluk…
in Polish gospodarka, oszczędność…
in Spanish economía…
in Vietnamese kinh tế…
in Portuguese economia…
in Thai เศรษฐกิจ…
in Catalan economia…
in Japanese (国などの)経済…
in Chinese (Simplified) 制度, 经济, 经济制度…
in Indonesian perekonomian…
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“economy” in British English

“economy” in American English

“economy” in Business English

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