economy

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economy is one of the 1000 most common headwords.
economy
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Pronunciation[change]

Noun[change]

Singular
economy

Plural
economies

  1. (countable) The economy is the use of the resources of a community or system.
    We wonder about the ability of our businesses to compete in the global economy.
    The economy was growing at a rate of 2% per year.
    Small businesses provided most of the new jobs in our economy.
    The economy has not been this strong since 2007.
  2. (countable & uncountable) Economy is the careful and minimal use of resources.
    The schools were closed for reasons of economy.
    We bought a small economy car.
    You can save 50 cents by getting the economy size.
    These cars are fun to drive, plus they have high fuel economy.
  3. (uncountable) Economy is the section of the airplane with the smallest seats and cheapest ticket prices.
    We decided to fly business class instead of economy.
  4. (countable) A market economy is an economy with free competition between businesses.
    China will continue to move towards a market economy.

Related words[change]