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:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)