economy

1 of 2

noun

econ·​o·​my i-ˈkä-nə-mē How to pronounce economy (audio)
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

economy

2 of 2

adjective

: designed to save money
economy cars

Examples of economy in a Sentence

Noun The war altered the country's economy. An increase in tourism will help the city's economy. We must learn to practice economy. We'll also benefit from the economies provided by more efficient energy sources. It would be false economy to repair the leak without replacing the pipe.
Recent Examples on the Web
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Noun
Questions that had long seemed resolved—about the nature of the global economy and America’s role in the world—are suddenly getting new answers. Edward Felsenthal, TIME, 16 Mar. 2025 Macroeconomic Uncertainty Last but certainly not least is the continued and apparently increasing macroeconomic uncertainty that continues to permeate the U.S. economy – and by extension – the global financial system. Sean Stein Smith, Forbes, 16 Mar. 2025 Take a look at more below: Walmart, a big-box retailer popular among a wide range of consumers, has been especially attractive amid concerns about inflation, high grocery prices and the direction of the U.S. economy. Pia Singh, CNBC, 16 Mar. 2025 Tren de Aragua originated in an infamously lawless prison in the central state of Aragua and accompanied an exodus of millions of Venezuelans, the overwhelming majority of whom were seeking better living conditions after their nation’s economy came undone last decade. Elliot Spagat, Chicago Tribune, 16 Mar. 2025 See All Example Sentences for economy

Word History

Etymology

Noun

Middle English yconomye, borrowed from Middle French yconomie, economie, borrowed from Medieval Latin yconomia, economia, oekonomia (Late Latin, "organization of the Trinity, plan, dispensation," Latin oeconomia "arrangement of material by an author,"), borrowed from Greek oikonomía "management of a household, direction, arrangement," from oikonómos "manager of a household, steward," (from oîkos "house" + -nomos, noun derivative of némein "to have management or control of, rule, direct") + -ia -y entry 2 — more at vicinity, nimble

Adjective

from attributive use of economy entry 1

First Known Use

Noun

15th century, in the meaning defined at sense 4

Adjective

1821, in the meaning defined above

Time Traveler
The first known use of economy was in the 15th century

Browse Nearby Words

Cite this Entry

“Economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/economy. Accessed 22 Mar. 2025.

Kids Definition

economy

noun
econ·​o·​my
i-ˈkän-ə-mē
plural economies
1
: careful use of money and goods : thrift
2
: a special arrangement or system : organization
3
: the way an economic system (as of a country or a period in history) is arranged
Etymology

Noun

derived from Greek oikonomos "household manager," from oikos "house" and nemein "to manage"

Medical Definition

economy

noun
econ·​o·​my i-ˈkän-ə-mē How to pronounce economy (audio)
plural economies
1
: the system of operation of the processes of anabolism and catabolism in living bodies
the economy of the cell
2
: the body of an animal or plant as an organized whole
disorganizing wide segments of the body economyLeonard Engel

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