Meaning of the word economy in English
What does economy mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
economy
US /iˈkɑː.nə.mi/
UK /iˈkɑː.nə.mi/
Noun
1.
the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services
Example:
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The country's economy is growing rapidly.
•
Global events can significantly impact the local economy.
2.
careful management of available resources
Example:
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The new car offers great fuel economy.
•
We need to practice more economy in our household spending.
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