economy

ɪˈkɒ.nə.mi

3 definitions

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#1·7h ago

Effective management of a community or system, or especially its resources.

April 5, 1729, Jonathan Swift, letter to St. John

Origin: From , yconomy, borrowed via or Medieval Latin from , from , from house + distribute, allocate. . The first recorded sense of the word economy, found in a work possibly composed in 1440, is “the management of economic affairs”, in this case, of a monastery. Origin information sourced from Wiktionary contributors (CC BY-SA 4.0).

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#2·7h ago

The study of money, currency and trade, and the efficient use of resources.

: I have no other notion of economy than that it is the parent to liberty and ease.

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#3·7h ago

use of resources.

An economy open to free movement of capital can keep a fixed exchange rate, for example, only by subjugating monetary-policy goals to its defence—by raising interest rates sharply, say, when capital outflows put downward pressure on the …

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