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Vocabulary Entry
economy
|noun • verb • adjective
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N
noun
The system of production, distribution, and consumption of goods and services in a society.
Example Sentences
"The global economy is affected by many different factors."
"The local economy struggled during the pandemic."
"She studied economics to better understand how economies function."
V
verb
To manage resources carefully or frugally.
Example Sentences
"We need to economy our resources to last through the entire project."
"He learned how to economy his expenses while in college."
"They tried to economy the use of electricity in their home."
A
adjective
Relating to economic matters; often used to describe something that is efficient or prudent in using resources.
Example Sentences
"She made an economy decision that saved the company money."
"The economy model of the car is more fuel-efficient."
"They opted for the economy class tickets for their trip."