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
Definition of economy: An entire network of producers, distributors, and
consumers of goods and services in a local, regional, or national community.
Economy definition, thrifty management; frugality in the expenditure or
consumption of money, materials, etc. See more.
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.
We hear about the economy all the time, but what exactly is an economy? In this
lesson, you'll learn about what an economy is and different types...
A Definition of Economics ... A study of economics can describe all aspects of a
country's economy, such as how a country uses its resources, how much time ...
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
Define economy and get synonyms. What is economy? economy meaning,
pronunciation and more by Macmillan Dictionary.