economy

US /ɪˈkɑnəmi/

UK /ɪ'kɒnəmɪ/

A1

adjective

  • Relatively inexpensive or efficient; designed to save money.

noun

  • Careful management of available resources; avoidance of waste.
  • Using money, resources in a careful, effective way
  • The wealth and resources of a country or region, especially in terms of production and consumption of goods and services.
  • Total of all goods, services and wages in an area