ECONOMY • DICCIONARIO INGLES.COM • Definition of Economy

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/ɪkˈɑnəmi/ /ikˈɑnəmi/ Listen

noun

economy n. (pl. economies)

1.

The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy. "Himself busy in charge of the household economies."

2.

Orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth; as, political economy.

3.

The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the Jewish economy. "The position which they (the verb and adjective) hold in the general economy of language." "In the Greek poets, as also in Plautus, we shall see the economy... of poems better observed than in Terence." "The Jews already had a Sabbath, which, as citizens and subjects of that economy, they were obliged to keep."

4.

Thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony.

Political economy. See under Political.

Synonyms: Economy, Frugality, Parsimony. Economy avoids all waste and extravagance, and applies money to the best advantage; frugality cuts off indulgences, and proceeds on a system of saving. The latter conveys the idea of not using or spending superfluously, and is opposed to lavishness or profusion. Frugality is usually applied to matters of consumption, and commonly points to simplicity of manners; parsimony is frugality carried to an extreme, involving meanness of spirit, and a sordid mode of living. Economy is a virtue, and parsimony a vice. "I have no other notion of economy than that it is the parent to liberty and ease." "The father was more given to frugality, and the son to riotousness (luxuriousness)."

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Etymology of 'Economy'

Collaborative International Dictionary of English 0.48

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"Economy" Quotes from Famous Books

... God would have drowned them all, but it was purely for the sake of economy that He saved any of them. Just think of that! According to this Christian religion all the people in the world were totally depraved through the fall, and God found he could not do anything with them, so he drowned them. Now, if God wanted to get up a flood big enough to drown sin, why did ...

— Lectures of Col. R. G. Ingersoll, Volume I • Robert Green Ingersoll

... the Allies has been made possible and will continue to be possible, through the measures of economy and substitution established by the Food Administration, and the constant and continued personal sacrifice of each ...

— Food Guide for War Service at Home • Katharine Blunt, Frances L. Swain, and Florence Powdermaker

... perpetual apprehension of discovery, as indicated in this inadequate and childish expedient to prevent it, is, in most respects, contradicted by that of the adventurous expedition about to be described, and which, having passed the walls of their city, obtained better information of their internal economy and condition than could have been acquired by any Indians at all likely to hold communication with places so very remote from the territory as Quiche ...

— Memoir of an Eventful Expedition in Central America • Pedro Velasquez

... writ, dated the 23rd of the same month, commanding the Sheriffs of London to "cause to be built at the Tower of London, a house forty feet in length and twenty in breadth, for the King's elephant." Economy however, it seems, was not neglected by the monarch in his menus plaisirs; for the Sheriffs are expressly charged to see that the house be so strongly constructed that, whenever there should be need, it might be adapted to and used for ...

— The Mirror of Literature, Amusement, and Instruction, Vol. 20, - Issue 573, October 27, 1832 • Various

... labour, to dig latrines for native soldiers, incredibly humiliating, such was their lot! Many of them died by the roadside. Many died for want of medicine. There was no lack of drugs for Germans, but there was need for economy where prisoners were concerned. What more natural than that they should keep their drugs for their own troops? Who could tell their pressing need in months to come? But the indomitable ones they ...

— Sketches of the East Africa Campaign • Robert Valentine Dolbey

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