What is economy?

  • (noun): The efficient use of resources.
    Example: "Economy of effort"
    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 ... during the 1970s and 1980s saw a shift from a manufacturing focus towards a more service-oriented economy ...
Great Depression - Causes - Demand-driven - Keynesian
... of Employment Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to employment that was well ... In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment ... idea 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 ...
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 ...
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 ...
Katanga Province - Economy
... Copper mining is an important part of the economy of Katanga province ... Cobalt mining by individual contractors is also prevalent ...

More definitions of "economy":

  • (noun): The system of production and distribution and consumption.
    Synonyms: economic system
  • (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:

    Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.
    Alexander Herzen (1812–1870)

    Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.
    Friedrich Nietzsche (1844–1900)

    The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.
    Ralph Waldo Emerson (1803–1882)