economy

1 of 2

noun

econ·​o·​my i-ˈkä-nə-mē How to pronounce economy (audio)
ə-,
ē-
plural economies
1
: the structure or conditions of economic life in a country, area, or period
also : an economic system
2
a
: thrifty and efficient use of material resources : frugality in expenditures
also : an instance or a means of economizing : saving
b
: efficient and concise use of nonmaterial resources (such as effort, language, or motion)
3
a
: the arrangement or mode of operation of something : organization
b
: a system especially of interaction and exchange
an economy of information
4
archaic : the management of household or private affairs and especially expenses

economy

2 of 2

adjective

: designed to save money
economy cars

Examples of economy in a Sentence

Noun The war altered the country's economy. An increase in tourism will help the city's economy. We must learn to practice economy. We'll also benefit from the economies provided by more efficient energy sources. It would be false economy to repair the leak without replacing the pipe.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Noun
Measuring What Matters: Human Capital as a Source of Value The agricultural revolution spurred population growth, urbanization, and eventually, modern economies. Solange Charas, Forbes.com, 26 July 2025 Trump's approval rating slides on issues including economy An average of recent polls from Real Clear Politics found Trump with a higher approval rating of 52%, compared to 46% of Americans who approve of his job performance. Joey Garrison, USA Today, 26 July 2025 Arguably, the consensus is now a bit complacent regarding the potential impact of tariff outcomes, lulled by a slow-and-steady economy helped by a torrid tech capex binge. Michael Santoli, CNBC, 26 July 2025 These updates provide a regular window into how CEOs and other business leaders feel not just about their companies but also about the broader economy. Maria Aspan, NPR, 26 July 2025 See All Example Sentences for economy

Word History

Etymology

Noun

Middle English yconomye, borrowed from Middle French yconomie, economie, borrowed from Medieval Latin yconomia, economia, oekonomia (Late Latin, "organization of the Trinity, plan, dispensation," Latin oeconomia "arrangement of material by an author,"), borrowed from Greek oikonomía "management of a household, direction, arrangement," from oikonómos "manager of a household, steward," (from oîkos "house" + -nomos, noun derivative of némein "to have management or control of, rule, direct") + -ia -y entry 2 — more at vicinity, nimble

Adjective

from attributive use of economy entry 1

First Known Use

Noun

15th century, in the meaning defined at sense 4

Adjective

1821, in the meaning defined above

Time Traveler
The first known use of economy was in the 15th century

Browse Nearby Words

Cite this Entry

“Economy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/economy. Accessed 29 Jul. 2025.

Kids Definition

economy

noun
econ·​o·​my
i-ˈkän-ə-mē
plural economies
1
: careful use of money and goods : thrift
2
: a special arrangement or system : organization
3
: the way an economic system (as of a country or a period in history) is arranged
Etymology

Noun

derived from Greek oikonomos "household manager," from oikos "house" and nemein "to manage"

Medical Definition

economy

noun
econ·​o·​my i-ˈkän-ə-mē How to pronounce economy (audio)
plural economies
1
: the system of operation of the processes of anabolism and catabolism in living bodies
the economy of the cell
2
: the body of an animal or plant as an organized whole
disorganizing wide segments of the body economyLeonard Engel

More from Merriam-Webster on economy

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!