economynoun
uk/iˈkɒn.ə.mi/us/iˈkɑː.nə.mi/economy noun (SYSTEM)
B2 [ C ] the system of trade and industry by which the wealth of a country is made and used:
the global economy
the German/US economy
the state of the economy
a weak/strong economy
Tourism contributes millions of pounds to the local economy.
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- The lowering of interest rates will give a much-needed boost to the economy.
- Ten years of incompetent government had brought about the virtual collapse of the country's economy.
- The government plans to cut taxes in order to stimulate the economy.
- Any decrease in tourism could have a serious effect on the local economy.
- Further increases in imports could destabilize the economy.
Thesaurus: synonyms and related words
Economics
- autarchy
- broad money
- Chancellor of the Exchequer
- credit crunch
- depressed
- downturn
- economics
- expenditure
- GDP per capita
- GNI
- hyperinflation
- market forces
- mixed economy
- pecuniary
- protectionism
- retail price index
- spending
- stall
- trade figures
- upturn
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economy noun (SAVING MONEY)
[ C or U ] the intentional saving of money or, less commonly, the saving of time, energy, words, etc.:
They've had to make economies since Nathan lost his job.
This can be done by machines with more speed and economy.
She writes with such economy - I've never known a writer say so much in so few words.
Thesaurus: synonyms and related words
Budgeting money
- a penny saved is a penny earned idiom
- cut
- cut back
- defund
- draw/pull in your horns idiom
- economical
- economy drive
- economy-size
- false economy
- horn
- in/out of pocket idiom
- manage
- penny
- price-conscious
- save (sth) up
- save on sth
- set sth against sth
- skimp
- square
- tighten your belt idiom
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