noun “economy”
singular economy, plural economies or uncountable
- the system of production within a given region
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The country's economy grew stronger as more businesses started exporting goods.
- a specific country considered in terms of how big its production is
China is the largest economy of Asia.
- (usually in combination) managing resources well to avoid waste
By using solar panels, the school improved its energy economy.
- using the smallest amount necessary
The new software was designed with an economy of effort, allowing users to complete tasks with minimal clicks.
- the lowest-priced seating area on an airplane
We decided to book economy seats to save money on our trip.
adjective “economy”
base form economy, non-gradable
- something that doesn't use much money or resources and provides good value
She chose an economy washing machine to save on electricity bills.