What is economy?

  • (noun): The system of production and distribution and consumption.
    Synonyms: economic system
    See also — Additional definitions below

Some articles on economy:

Scotland - Economy and Infrastructure
... Scotland has a western style open mixed economy that is closely linked with the rest of Europe and the wider world ... Traditionally, the Scottish economy has been dominated by heavy industry underpinned by the shipbuilding in Glasgow, coal mining and steel industries ... the 1970s and 1980s saw a shift from a manufacturing focus towards a more service-oriented economy ...
Great Depression - Causes - Demand-driven - Keynesian
... argued in General Theory of Employment Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to ... In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment ... was simple to keep people fully employed, governments have to run deficits when the economy is slowing, as the private sector would not invest enough to keep production ...
Katanga Province - Economy
... Copper mining is an important part of the economy of Katanga province ... Cobalt mining by individual contractors is also prevalent ...
Quincy, Massachusetts - Economy
... During its history Quincy has been known as a manufacturing and heavy industry center, with granite quarrying dominating employment in the 19th century and shipbuilding at Fore River Shipyard and Squantum Victory Yard rising to prominence in the 20th century ... The recent decades have seen a shift in focus to several large employers in the financial services, insurance and health care sectors of the economy ...
Iran–Iraq War - Home Front - Iran - Economy
... The war furthered the decline of the Iranian economy that had begun with the revolution in 1978–79 ...

More definitions of "economy":

  • (noun): The efficient use of resources.
    Example: "Economy of effort"
  • (noun): Frugality in the expenditure of money or resources.
    Example: "The Scots are famous for their economy"
    Synonyms: thriftiness
  • (noun): An act of economizing; reduction in cost.
    Example: "It was a small economy to walk to work every day"
    Synonyms: saving

Famous quotes containing the word economy:

    Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.
    Jane Jacobs (b. 1916)

    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)

    Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.
    Henry David Thoreau (1817–1862)