HyperDic: economy

English > 4 senses of the word *economy*:
NOUN	group	economy, economic system	the system of production and distribution and consumption
	cognition	economy	the efficient use of resources
	attribute	economy, thriftiness	frugality in the expenditure of money or resources
	act	economy, saving	an act of economizing

economy > pronunciation
Sounds	ihkaa'nahmiy; iykaa'nahmiy
Rhymes	academy ... yummy: 83 rhymes with miy...

English > *economy*: 4 senses > noun 1, group
Meaning	The system of production and distribution and consumption.
Synonym	economic system
Parts	black economy	A hidden sector of the economy where private cash transactions go unreported
Parts	sector	A social group that forms part of the society or the economy
Narrower	industrialism	An economic system built on large / large industries rather than on agriculture or craftsmanship
	market economy, free enterprise, private enterprise, laissez-faire economy	An economy that relies chiefly on market forces to allocate goods and resources and to determine prices
	mixed economy	An economic system that combines private and state enterprises
	non-market economy	An economy that is not a market economy
	state capitalism	An economic system that is primarily capitalistic but there is some degree of government ownership of the means of production
	state socialism	An economic system in which the government owns most means of production but some degree of private capitalism is allowed
Broader	system, scheme	A group of independent but interrelated elements comprising a unified whole
Spanish	economía, sistema económico
Catalan	economia, sistema econòmic
Adjectives	economic	of or relating to the science of economics
Adjectives	economic, economical	of or relating to an economy, the system of production and management of material wealth
Nouns	economist	an expert in the science of economics

English > *economy*: 4 senses > noun 2, cognition
Meaning	The efficient use of resources.
Example	"economy of effort"
Broader	efficiency	skillfulness in avoiding wasted time and effort
Spanish	economía
Catalan	economia
Adjectives	economic, economical	using the minimum of time or resources necessary for effectiveness
Nouns	economist	an expert in the science of economics
Verbs	economize	use cautiously and frugally
Verbs	economize	spend sparingly, avoid the waste of

English > *economy*: 4 senses > noun 3, attribute
Meaning	frugality in the expenditure of money or resources.
Example	"the Scots are famous for their economy"
Synonym	thriftiness
Broader	frugality, frugalness	prudence in avoiding waste
Spanish	economía
Catalan	economia
Adjectives	economical	avoiding waste
Verbs	economize	use cautiously and frugally
Verbs	economize	spend sparingly, avoid the waste of

English > *economy*: 4 senses > noun 4, act
Meaning	An act of economizing; reduction in cost.
Example	"it was a small economy to walk to work every day"
Synonym	saving
Narrower	economy of scale	The saving in cost of production that is due to mass production
Narrower	retrenchment, curtailment, downsizing	The reduction of expenditures in order to become financially stable
Broader	action	Something done (usually as opposed to something said)
Spanish	ahorro
Catalan	estalvi
Adjectives	economic	concerned with worldly necessities of life (especially money)
Adjectives	economical	using the minimum of time or resources necessary for effectiveness
Verbs	economize	use cautiously and frugally
Verbs	economize	spend sparingly, avoid the waste of

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