economy Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “economy” in the English Dictionary

"economy" in British English

See all translations

economynoun

uk   /iˈkɒn.ə.mi/ us   /iˈkɑː.nə.mi/
  • 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.

expend iconexpend iconMore examples

(Definition of economy from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"economy" in American English

See all translations

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 cheaper cut of meat in this recipe.
(Definition of economy from the Cambridge Academic Content Dictionary © Cambridge University Press)

"economy" in Business English

See all translations

economynoun

uk   /ɪˈkɒnəmi/ us   plural economies
[C] ECONOMICS the system of making money and producing and distributing goods and services within a country or region: On average, China accounts for almost half of the total export growth of East Asian economies. The property and construction industries 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 leaders expressed concern at the effect of increasing oil prices 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 supporting local communities.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 manufacturing processes have been outsourced to Eastern Europe for reasons of economy. Higher licence fees can tempt commercial organizations to make economies on service quality.
[U] TRANSPORT →  economy class : Executives at the firm now fly economy, rather than club class.
a false economy
something that seems to be a good way of saving money but is not: Going abroad without travel insurance is a false economy if you are ill and need costly medical treatment.
(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…
What is the pronunciation of economy?
Add Cambridge dictionaries to your browser to your website

“economy” in British English

“economy” in American English

“economy” in Business English

Avoiding common errors with the word enough.
Avoiding common errors with the word enough.
by ,
May 25, 2016
by Liz Walter Enough is a very common word, but it is easy to make mistakes with it. You need to be careful about its position in a sentence, and the prepositions or verb patterns that come after it. I’ll start with the position of enough in the sentence. When we use it with a noun,

Read More 

Word of the Day

sunscreen

a substance that you put on your skin to prevent it from being damaged by the sun

Word of the Day

convo noun
convo noun
May 23, 2016
informal a conversation The convo around concussions mostly focuses on guys who play football, but Chastain thinks that this whole thing could be a headache for women too.

Read More