Definition of economy :
1. 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.
2. The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.
3. 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.
4. 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.
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economy (part of speech: noun)
- 10. What is the supposed economy of boiling? - "A Handbook of Health", Woods Hutchinson.
- Even her efforts towards economy- for since their return from New York she had put Marthy into the kitchen and had taken entire charge of the children- irritated rather than pleased him. - "Virginia", Ellen Glasgow.
- Your pa never had no notion of economy. - "Flower of the Dusk", Myrtle Reed.