Definition of ECONOMY

noun : ECONOMY

Source: WordNet 3.1

  • 2. (

    ) the efficient use of resources; "economy of effort" ;

  • 3. (

    ) frugality in the expenditure of money or resources; "the Scots are famous for their economy" ;

  • 4. (

    ) an act of economizing; reduction in cost; "it was a small economy to walk to work every day"; "there was a saving of 50 cents" ;


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