Definition of economy
- n. - The management of domestic affairs; the regulation and
government of household matters; especially as they concern expense or
disbursement; as, a careful economy.
- n. - Orderly arrangement and management of the internal affairs
of a state or of any establishment kept up by production and
consumption; esp., such management as directly concerns wealth; as,
political economy.
- n. - The system of rules and regulations by which anything is
managed; orderly system of regulating the distribution and uses of
parts, conceived as the result of wise and economical adaptation in the
author, whether human or divine; as, the animal or vegetable economy;
the economy of a poem; the Jewish economy.
- n. - Thrifty and frugal housekeeping; management without loss
or waste; frugality in expenditure; prudence and disposition to save;
as, a housekeeper accustomed to economy but not to parsimony.