economy

English

/iːˈkɒn.ə.mi/, /iːˈkɑn.ə.mi/

noun
Definitions
  • Effective management of a community or system, or especially its resources.
  • The study of money, currency and trade, and the efficient use of resources.
  • Frugal use of resources.
  • The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
  • (theology) The method of divine government of the world. (See (religion).)
  • (US) The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.
  • (archaic) Management of one’s residency.

Etymology

Borrowed from Latin oeconomia (management of household affairs, arrangement, economy) derived from Ancient Greek οἰκονομία (management of a household, administration).

Origin

Ancient Greek

οἰκονομία

Gloss

management of a household, administration

Timeline

Distribution of cognates by language

Geogrpahic distribution of cognates

Cognates and derived terms