Economy is the human activity that consists in producing, exchanging, distributing, and consuming goods and services, studied by economics and realised inside an economic system. It is responsible for human activities and institutions for satisfying the human needs of the society.
Economy may also refer to:
- The quality of being efficient or frugal in using resources; see energy conservation
- World economy, the economy of the world
- Virtual economy, an economy simulated in a virtual world
- Economy (religion), a bishop's discretionary power to relax rules
- Economy (Thoreau), a chapter from Walden, by Henry David Thoreau
- Economy class, a class of seating in airline travel
- "Jazz ist anders (Economy)", "Economy"-version of Die Ärzte's album "Jazz ist anders"
- The economy of Salvation is that part of divine revelation that deals with God’s creation and management of the world, particularly His plan for salvation accomplished through the Church
- Places
- Economy, Indiana, United States
- Economy, Pennsylvania, United States
- Old Economy Village, Pennsylvania, United States
- Economy, Nova Scotia, an unincorporated community in Maritime Canada
Famous quotes containing the word economy:
“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)