Meaning of the word "economy class" in English

What does "economy class" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

economy class

US /ɪˈkɑː.nə.mi ˌklæs/
UK /ɪˈkɒn.ə.mi klɑːs/
"economy class" picture

Noun

the cheapest class of seating in an airplane or on a train

Example:
I always fly economy class to save money.
Our tickets are for economy class, so we'll be in the back.