economy

noun (plural economies)

• 1the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
• a particular system or stage of an economy:a free-market economy the less-developed economies

• 2careful management of available resources:even heat distribution and fuel economy
• sparing or careful use of something:economy of words
• (usually economies) a financial saving:there were many economies to be made by giving up our offices in Manhattan
• (also economy class) the cheapest class of air or rail travel:we flew economy

adjective

• (of a product) offering the best value for the money: [in combination]:an economy pack
• designed to be economical to use:an economy car