DictionaryAI

economy

ee-KO-nuh-mee/iːˈkɑ.nə.mi/UKi-KO-nuh-mee/ɪˈkɒ.nə.mi/

Pluraleconomies

11 meanings of economy

Practice

  1. 1
    money systemnouncountable
    The way a country makes, sells, and uses goods and money.

    Like a giant machine where everyone's buying and selling keeps the parts moving.

    The country's economy grew quickly last year.

    When prices rise too fast, the whole economy suffers.

    UsageUsually the economy.

  2. 2
    efficient usenoununcountable
    Careful use of money or things so you do not waste them.

    Like saving water by turning off the tap while you brush your teeth.

    We need to practice economy when money is tight.

    Her sense of economy meant nothing in the house ever went to waste.

    UsageSay make economies for cuts.

    Similarthrift, frugality, saving, prudence, husbandry

    Oppositewaste, extravagance, profligacy, prodigality

    Note
  3. 3
    coach classnoununcountable
    The cheaper seating area on a plane or train, with lower-priced tickets.

    Like the cheaper seats at the back of a movie theater.

    We booked seats in economy to save money on the trip.

    The food in economy was simple but filling.

    UsageShort for economy class.

    Similarcoach

    Oppositefirst, business

Practice

Can you tell the meanings of economy apart? Answer 3 quick questions from this page, or write your own sentence and AI will check it.

Origin

It comes from Ancient Greek 'oikonomia', meaning managing a household, from 'oîkos' (house) plus 'némō' (to distribute). It reached English through Latin and possibly Old French.

Checked 31 Oct 2026 · 5 facts