An economy is an area of the production, distribution, or trade, and consumption
of goods and .... The first economist in the true modern meaning of the word was
the Scotsman Adam Smith (1723–...
the process or system by which goods and services are produced, sold, and
bought in a country or region. : careful use of money, resources, etc. : something
Economy definition, thrifty management; frugality in the expenditure or
consumption of money, materials, etc. See more.
Definition of economy: An entire network of producers, distributors, and
consumers of goods and services in a local, regional, or national community.
the state of a country or region in terms of the producti... Meaning, pronunciation,
example sentences, and more from Oxford Dictionaries.
Economy is the large set of inter-related economic production and consumption
activities which aid in determining how scarce resources are allocated.
economy meaning, definition, what is economy: the system of trade and industry
by which the wealth of a country is made and used: . Learn more.
"Economy" means the total resources of a community or country. Therefore,
economy compasses many things, such a money, the wealth of citizens, and the
Economics is the study of the production and consumption of goods and the
transfer of wealth to produce and obtain those goods. .... A Definition of
a. Careful, thrifty management of resources, such as money, materials, or labor:
learned to practice economy in making out the household budget. b. An example