econ·o·my
i-ˈkä-nə-mē
ə-,
ē-
plural economies
1
: the structure or conditions of economic life in a country, area, or period
also
: an economic system
2
a
: thrifty and efficient use of material resources : frugality in expenditures
also
: an instance or a means of economizing : saving
b
: efficient and concise use of nonmaterial resources (such as effort, language, or motion)
3
a
: the arrangement or mode of operation of something : organization
b
: a system especially of interaction and exchange
an economy of information
4
archaic
: the management of household or private affairs and especially expenses
: designed to save money
economy cars
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Merriam-Webster unabridged
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