noun

definition

Effective management of a community or system, or especially its resources.

definition

The study of money, currency and trade, and the efficient use of resources.

definition

Frugal use of resources.

example

economy of word

definition

The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.

definition

The method of divine government of the world. (See w:Economy (religion).)

definition

The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.

definition

Management of one’s residency.

adjective

definition

Cheap to run; using minimal resources; representing good value for money.

example

Economy size.

Examples of economy in a Sentence

The economy was affected by the establishment of a land tax.

We wanted a firm economy, reasonable real estate costs, and a good school system.

The Political Economy was published in 1848.

When the economy entered recession, the workhouse conditions had to be worsened more.

In 1817 a Roman Catholic theological faculty was added, with a seminary called the Konvikt, and there are now also faculties of law, medicine, philosophy, political economy and natural science.

His character was marked by independence, economy and generosity.

Public opinion is ever more in the peace camp because the vast majority of the economy doesn't benefit financially in times of war.

The next winter I used a small cooking-stove for economy, since I did not own the forest; but it did not keep fire so well as the open fireplace.

Parkside's economy was less than spectacular, but at least it didn't require dependency on the fickle business of mines, steel or manufacturing for its fiscal survival.

From the point of view of the economy of the globe this classification by species is perhaps less important than that by mode of life and physiological character in accordance with environment.

There was a waste of metal in these early rails owing to the excessive thickness of the vertical web, and subsequent improvements have consisted in adjusting the dimensions so as to combine strength with economy of metal, as well as in the substitution of steel for wrought iron (after the introduction of the Bessemer process) and in minute attention to the composition of the steel employed.

They can standardize in a thousand more ways to a world economy, while maintaining their values, traditions, and distinctions.

In the following year he was introduced to political economy and studied Adam Smith and Ricardo with his father.

Immured in his castle at Pavia, accumulating wealth by systematic taxation and methodical economy, he organized the mercenary troops who eagerly took service under so good a paymaster; and, by directing their operations from his cabinet, he threatened the whole of Italy with conquest.

The economy makes new machines that replace manual labor because many thousands of people are paid very well to do so.

The main features of the steam locomotive were thus established, and its subsequent development is chiefly a history of gradual increase in size and power, and of improvements in design, in material and in mechanical construction, tending to increased efficiency and economy of operation.

The varying load against which a locomotive works, and the fact that a locomotive is non-condensing, are factors which reduce the margin of possible economy within narrow limits.

Adam Smith had invariably associated the general principles of the subject with their applications, and in treating those applications had perpetually appealed to other and often far larger considerations than pure political economy affords.

In the agricultural economy, virtually everyone was a farmer.

My vision is that the UK should be a key hub in the global knowledge economy.

As most of the Lancashire cotton mills lie far from Manchester, direct importations to that city do not usually dispense with a " handling," and frequently save little or nothing in freight rates, though in some cases the economy derived from direct importation is considerable.

He became the financier of his party, preached unceasingly his cardinal doctrines of simplicity and economy, and was an effective critic of the measures of government.

The avarice with which both Tacitus and Suetonius stigmatize Vespasian seems really to have been an enlightened economy, which, in the disordered state of the Roman finances, was an absolute necessity.

The pine is an important tree in the economy of the northern nations of Europe.

No plans had been drawn up to put Russia's economy on a war footing.

Let us look at the main changes which the war brought about in the Greek economy and in the regrouping of social forces.

In 1872 he became docent, and in 1882 professor of political economy at Upsala, of which university he was afterwards rector.

Instead of plundering to support his prodigality, he emptied his private treasury to assist distressed provinces and cities, and everywhere exercised rigid economy (hence the nickname Kv'Avowpicmis, " cummin-splitter").

Billions of pounds of new investment have been pumped into the city's economy, transforming the cityscape.

He reorganized the Bavarian army; he immensely improved the condition of the industrial classes throughout the country by providing them with work and instructing them in the practice of domestic economy; and he did much to suppress mendicity.

From 1853 until his death, on the second of August 1859, he was president of the newly established Antioch College at Yellow Springs, Ohio, where he taught political economy, intellectual and moral philosophy, and natural theology.

In the effort to reduce the practice of economy to a fine art he arrived at the conviction that the less labour a man did, over and above the positive demands of necessity, the better for him and for the community at large; he would have had the order of the week reversed - six days of rest for one of labour.

Janissaries and the suppression of the quasi-indepen dent power of the derebeys had removed the worst disturbing elements; the government had been centralized; a series of enactments had endeavoured to secure economy in the administration, to curb the abuses of official power, and ensure the impartiality of justice; and the sultan had even expressed his personal belief in the principle of the equality of all, Mussulman and non-Mussulman, before the law.

If by this process a more perfect defecation and purification of the juice is obtained, it will no doubt be highly beneficial to the cane p lanter, though no great economy in lime can be effected, because but very little is used in a cane factory in comparison with the amount used in a beet factory.

Even a machine of simple type, like the ordinary drain-pipe machine, in which the retorts are made by forcing the plastic clay mixture through a die, may result in greater economy and uniformity than is possible when retorts are made by hand.

The horse does not occupy the important position in the Bedouin economy that is popularly supposed.

Its causes and results are fundamental for the study of ethnology (formation and mixture of races), of political and social history (formation of states and survival of institutions), and of political economy (mobility of labour and utilization of productive forces).

Rising property prices helped to prop up the world economy after the stockmarket bubble burst in 2000.

The drought economy has been particularly harsh on women, imposing multiple burdens on them.

Like the multinational companies, the state employs salaried bureaucrats whose decisions can have a massive impact on a local economy.

The economy may be tight, but the lure of ten per cent capital gains tax has encouraged many owner-managers to consider a sale.

Instead of destroying the market economy, Americans are engaged in the slow process of superseding capitalism.

The creaking world economy was started up again by a coalition of industrial capitalists and government, with the trade unions as junior partner.

Palma has Gaudi architecture and a tremendous Gothic cathedral More than 95% of Majorca's economy is tourist driven.

Suddenly the economy went into a drastic free-fall, with one event causing a chain reaction to the next.

Were the Wessex chieftains the ` barrow boys ' of the Bronze Age economy?

Second, our success in a globally competitive economy depends on unlocking the talents of all our people.

While the islands drove a burgeoning Atlantic economy, they proved fragile.

But one core tenet of this program is that issues of rural economy and land use cannot be explored in isolation.

According to recent government estimates id theft now costs the UK economy £ 1.7 billion a year.

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