Word: economy Word origin: late 15th century (in the sense ‘management of material resources’): from French économie, or via Latin from Greek oikonomia ‘household management’, based on oikos ‘house’ + nemein ‘manage’. Current senses date from the 17th century. Phonetic: ɪˈkɒnəmi Listen:
the state of a country or region in terms of the production and consumption of goods and services and the supply of money. Example: he favours tax cuts to stimulate the economy
careful management of available resources. Example: fuel economy
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