Pronunciation: /ɪˈkɑːnəmi/

Definitions of economy

noun a system or range of economic activity in a country, region, or community

Example Sentences

A1 The economy of this country is struggling.

A2 The global economy is interconnected.

B1 Government policies can impact the economy significantly.

B2 Investors are closely monitoring the economy for signs of growth.

C1 Economists are debating the long-term effects of the current economic policies.

C2 The economy is facing challenges due to the ongoing trade disputes.

adjective related to the economy or economic activities

Example Sentences

A1 The economy car gets great gas mileage.

A2 She bought an economy pack of toilet paper to save money.

B1 The company implemented an economy measure to cut costs.

B2 The economy class seats on the plane were surprisingly comfortable.

C1 The economy policy of the government led to increased investment in the country.

C2 The economy rate of inflation has been steadily decreasing over the past year.

Examples of economy in a Sentence

formal The government is implementing new policies to boost the economy.

informal I heard the economy is doing pretty well right now.

slang The economy is booming, dude!

figurative The economy is like a delicate ecosystem, easily disrupted by external factors.

Grammatical Forms of economy

plural

economies

comparative

more economical

superlative

most economical

present tense

economize

future tense

will economize

perfect tense

have economized

continuous tense

is economizing

singular

economy

positive degree

economical

infinitive

to economize

gerund

economizing

participle

economized

Origin and Evolution of economy

First Known Use: 0015 year
Language of Origin: Greek
Story behind the word: The word 'economy' originates from the Greek word 'oikonomia', which means 'management of a household or family'.
Evolution of the word: Over time, the meaning of 'economy' expanded to include the management of resources on a larger scale, such as a country or society, reflecting the broader concept of economic systems and policies.