Economy
/ɪˈkɑːnəmi/noun
The way a country manages its money and resources to produce, buy and sell goods and services.
The economy of the country has been growing steadily for the last few years.
Often appears as...
- national economy
- world economy
noun
The way of using resources in such a way as to maximize the production of goods and services.
The company has to figure out how to do more with less, that's where economy comes in.
Often appears as...
- efficient economy
- waste economy
noun
The process or system by which goods and services are produced, sold and bought in a particular area or region.
The Midwest's economy is heavily dependent on manufacturing jobs.
Often appears as...
- regional economy
- local economy
noun
An arrangement of something making the best use of space.
An economy of space
Often appears as...
- economy of space
- economy of movement
noun
The way a country manages its money and resources to produce, buy and sell goods and services.
The economy of the country has been growing steadily for the last few years.
Often appears as...
- national economy
- world economy
noun
The way of using resources in such a way as to maximize the production of goods and services.
The company has to figure out how to do more with less, that's where economy comes in.
Often appears as...
- efficient economy
- waste economy
noun
The process or system by which goods and services are produced, sold and bought in a particular area or region.
The Midwest's economy is heavily dependent on manufacturing jobs.
Often appears as...
- regional economy
- local economy
noun
An arrangement of something making the best use of space.
An economy of space
Often appears as...
- economy of space
- economy of movement
Definition 1 of 4
Pro Tip 1/3National Context
Use 'economy' when discussing a country's financial health and practices.
The new policy aims to strengthen the national economy.
Pro Tip 2/3Beyond Money
'Economy' also involves resources like labor and materials, not just money.
The economy benefits from advancements in technology.
Pro Tip 3/3Growth or Decline
Economy can grow or decline, reflecting a country's success or struggle.
The recent recession hit the global economy hard.
Compare with
austeritybargainefficiencyfrugalitymarketparsimonyprofitabilitythrift
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Video examples
When The World Gets 1℃...
entire economy from the moment you wake up in the morning and turn on the light or look at your cell phone to the moment you go to bed at night and even then because your cell phone is still drawing power at night i mean we're all using energy all the time and in the industrialized world that energy is almost entirely fossil fuels
Video examples
Population pyramids:...
as a country moves from a pre-industrial society to one with an industrial or post-industrial economy. Countries that have only recently begun the process of industrialization typically see an increase in life expectancy and a fall in child mortality rates as a result of improvements in medicine, sanitation, and food supply.
Video examples
What gives a dollar bill...
and a decrease in consumer spending would reduce business profits, leading to more unemployment and a further decrease in spending, causing the economy to keep shrinking. So most economists believe that while too much of either is dangerous, a small, consistent amount of inflation is necessary to encourage economic growth.
Video examples
How to spot a...
Counterfeit money has the potential to cause all sorts of problems, from leaving you short $20 to destabilizing national economies. But don't worry. You can help catch the counterfeits. All you need are some simple tools and a bit of chemistry.
Video examples
The Atlantic slave...
rather than its result. To defend themselves from slave raids, neighboring kingdoms needed European firearms, which they also bought with slaves. The slave trade had become an arms race, altering societies and economies across the continent.
Video examples
What is a gift economy?...
are used to foster a system of social ties and obligations. While the market economies we know are formed by relationships between the things being traded, a gift economy consists of the relationships between the people doing the trading.
Video examples
How did Hitler rise to...
Germany had to accept full responsibility for the war and pay reparations, debilitating its already weakened economy. All this was seen as a humiliation by many nationalists and veterans. They wrongly believed the war could have been won
Video examples
What Will Happen If the...
about how important the natural beauty and natural attractions of Texas are in that economic growth if we waste that I mean it's going to cost us not just ecologically but it's going to cost us in terms of the economy
Video examples
How to build a greener,...
say again and again and more and more often that we need to change economic direction we need a green economy a circular economy otherwise how will we avoid climate change how will we ensure ecological security
Video examples
Are China and the US...
that in the world we will have as the largest economy a non-English speaking country, a non-Western country, a non-liberal democratic country. And if you don't think that's going to affect
Video examples
When The World Gets 1℃...
entire economy from the moment you wake up in the morning and turn on the light or look at your cell phone to the moment you go to bed at night and even then because your cell phone is still drawing power at night i mean we're all using energy all the time and in the industrialized world that energy is almost entirely fossil fuels
Video examples
Population pyramids:...
as a country moves from a pre-industrial society to one with an industrial or post-industrial economy. Countries that have only recently begun the process of industrialization typically see an increase in life expectancy and a fall in child mortality rates as a result of improvements in medicine, sanitation, and food supply.
Video examples
What gives a dollar bill...
and a decrease in consumer spending would reduce business profits, leading to more unemployment and a further decrease in spending, causing the economy to keep shrinking. So most economists believe that while too much of either is dangerous, a small, consistent amount of inflation is necessary to encourage economic growth.
Video examples
How to spot a...
Counterfeit money has the potential to cause all sorts of problems, from leaving you short $20 to destabilizing national economies. But don't worry. You can help catch the counterfeits. All you need are some simple tools and a bit of chemistry.
Video examples
The Atlantic slave...
rather than its result. To defend themselves from slave raids, neighboring kingdoms needed European firearms, which they also bought with slaves. The slave trade had become an arms race, altering societies and economies across the continent.
Video examples
What is a gift economy?...
are used to foster a system of social ties and obligations. While the market economies we know are formed by relationships between the things being traded, a gift economy consists of the relationships between the people doing the trading.
Video examples
How did Hitler rise to...
Germany had to accept full responsibility for the war and pay reparations, debilitating its already weakened economy. All this was seen as a humiliation by many nationalists and veterans. They wrongly believed the war could have been won
Video examples
What Will Happen If the...
about how important the natural beauty and natural attractions of Texas are in that economic growth if we waste that I mean it's going to cost us not just ecologically but it's going to cost us in terms of the economy
Video examples
How to build a greener,...
say again and again and more and more often that we need to change economic direction we need a green economy a circular economy otherwise how will we avoid climate change how will we ensure ecological security
Video examples
Are China and the US...
that in the world we will have as the largest economy a non-English speaking country, a non-Western country, a non-liberal democratic country. And if you don't think that's going to affect
Example 1 of 10
Quote examples
Stephen Covey
American Educator
Studies have identified a significant 'skills gap' between what students are currently being taught and the skills employers are seeking in today's global economy. Our children must be better prepared than they are now to meet the future challenges of our ever-changing world.
Quote examples
Venus Williams
American Tennis Player
I have always said that after sport, I wanted a life, I wanted an opportunity, I wanted to be able to do something. And if something happens - the economy falls out or the dollar is worthless, anything could happen - you have to be ready to work. And I'm ready.
Quote examples
Barack Obama
American President
No other country in the world does what we do. On every issue, the world turns to us, not simply because of the size of our economy or our military might - but because of the ideals we stand for, and the burdens we bear to advance them.
Quote examples
Angela Merkel
German Statesman
We have a duty as the state to protect our economy... We are for the protection of intellectual property.
Quote examples
Michael Dell
American Businessman
Relative to other economies in the world, India has a good feel to it.
Quote examples
Juan Guaido
Venezuelan Politician
The most important element for any economy is confidence.
Quote examples
Jose Angel Gurria
Mexican Economist
Our mission is to make the world economy work better.
Quote examples
N. Chandrababu Naidu
Indian Politician
Digital economy is happening everywhere in the world.
Quote examples
Peter Schiff
American Businessman
You don't help the economy by spending money.
Quote examples
Herman Cain
American Businessman
This economy is on life support.
Quote examples
Stephen Covey
American Educator
Studies have identified a significant 'skills gap' between what students are currently being taught and the skills employers are seeking in today's global economy. Our children must be better prepared than they are now to meet the future challenges of our ever-changing world.
Quote examples
Venus Williams
American Tennis Player
I have always said that after sport, I wanted a life, I wanted an opportunity, I wanted to be able to do something. And if something happens - the economy falls out or the dollar is worthless, anything could happen - you have to be ready to work. And I'm ready.
Quote examples
Barack Obama
American President
No other country in the world does what we do. On every issue, the world turns to us, not simply because of the size of our economy or our military might - but because of the ideals we stand for, and the burdens we bear to advance them.
Quote examples
Angela Merkel
German Statesman
We have a duty as the state to protect our economy... We are for the protection of intellectual property.
Quote examples
Michael Dell
American Businessman
Relative to other economies in the world, India has a good feel to it.
Quote examples
Juan Guaido
Venezuelan Politician
The most important element for any economy is confidence.
Quote examples
Jose Angel Gurria
Mexican Economist
Our mission is to make the world economy work better.
Quote examples
N. Chandrababu Naidu
Indian Politician
Digital economy is happening everywhere in the world.
Quote examples
Peter Schiff
American Businessman
You don't help the economy by spending money.
Quote examples
Herman Cain
American Businessman
This economy is on life support.
Example 1 of 10
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