Economy

  • (noun): The efficient use of resources.
    Example: "Economy of effort"
    See also — Additional definitions below

Some articles on economy:

Katanga Province - Economy
... Copper mining is an important part of the economy of Katanga province ... Cobalt mining by individual contractors is also prevalent ...
Iran–Iraq War - Home Front - Iran - Economy
... The war furthered the decline of the Iranian economy that had begun with the revolution in 1978–79 ...
Quincy, Massachusetts - Economy
... to several large employers in the financial services, insurance and health care sectors of the economy ...
Scotland - Economy and Infrastructure
... Scotland has a western style open mixed economy that is closely linked with the rest of Europe and the wider world ... Traditionally, the Scottish economy has been dominated by heavy industry underpinned by the shipbuilding in Glasgow, coal mining and steel industries ... focus towards a more service-oriented economy ...
Great Depression - Causes - Demand-driven - Keynesian
... in General Theory of Employment Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to employment that was well below the average ... In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment ... was simple to keep people fully employed, governments have to run deficits when the economy is slowing, as the private sector would not invest enough to keep ...

More definitions of "economy":

  • (noun): An act of economizing; reduction in cost.
    Example: "It was a small economy to walk to work every day"
    Synonyms: saving
  • (noun): Frugality in the expenditure of money or resources.
    Example: "The Scots are famous for their economy"
    Synonyms: thriftiness
  • (noun): The system of production and distribution and consumption.
    Synonyms: economic system

Famous quotes containing the word economy:

    Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.
    Ralph Waldo Emerson (1803–1882)

    The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.
    Ralph Waldo Emerson (1803–1882)

    I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.
    Calvin Coolidge (1872–1933)