ECONOMY

• (noun) an act of economizing; reduction in cost

  "it was a small economy to walk to work every day", "there was a saving of 50 cents"

  synonyms : saving

• (noun) frugality in the expenditure of money or resources

  "the Scots are famous for their economy"

  synonyms : thriftiness

  But for their thrifty lifestyle, they could not have managed the heavy spending on their daughter's education. -added by nsrees

• (noun) the efficient use of resources

  "economy of effort"

• (noun) the system of production and distribution and consumption

  synonyms : economic system

  The Indian economy is today one of the fastest growing economies in the world. -added by nsrees

WordNet® 3.0, © 2006 by Princeton University.

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