economy e*con"o*my ([-e]*k[o^]n"[-o]*m[y^]), n.; pl. {Economies} ([-e]*k[o^]n"[-o]*m[i^]z). [F. ['e]conomie, L. oeconomia household management, fr. Gr. o'ikonomi`a, fr. o'ikono`mos one managing a household; o'i^kos house (akin to L. vicus village, E. vicinity) + no`mos usage, law, rule, fr. ne`mein to distribute, manage. See {Vicinity}, {Nomad}.] 1. The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy. [1913 Webster]

Himself busy in charge of the household economies. --Froude. [1913 Webster]

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. [1913 Webster]

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. [1913 Webster]

The position which they [the verb and adjective] hold in the general economy of language. --Earle. [1913 Webster]

In the Greek poets, as also in Plautus, we shall see the economy . . . of poems better observed than in Terence. --B. Jonson. [1913 Webster]

The Jews already had a Sabbath, which, as citizens and subjects of that economy, they were obliged to keep. --Paley. [1913 Webster]

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. [1913 Webster]

{Political economy}. See under {Political}.

Syn: {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. [1913 Webster]

I have no other notion of economy than that it is the parent to liberty and ease. --Swift. [1913 Webster]

The father was more given to frugality, and the son to riotousness [luxuriousness]. --Golding. [1913 Webster] ||

The Collaborative International Dictionary of English. 2000.


Look at other dictionaries:

  • Economy — Economy, IN U.S. town in Indiana Population (2000): 200 Housing Units (2000): 79 Land area (2000): 0.096963 sq. miles (0.251134 sq. km) Water area (2000): 0.000000 sq. miles (0.000000 sq. km) Total area (2000): 0.096963 sq. miles (0.251134 sq.… …   StarDict's U.S. Gazetteer Places

  • economy — [i kän′ə mē, ēkän′ə mē] n. pl. economies [L oeconomia < Gr oikonomia, management of a household or state, public revenue < oikonomos, manager < oikos, house (see ECO ) + nomia, NOMY] 1. the management of the income, expenditures, etc. of …   English World dictionary

  • economy — ► NOUN (pl. economies) 1) the state of a country or region in terms of the production and consumption of goods and services and the supply of money. 2) careful management of available resources. 3) a financial saving. 4) (also economy class) the… …   English terms dictionary

  • Econŏmy — Econŏmy, 1) Städtischer Bezirk mit Postamt (Post township in der Grafschaft Beaverim Staate Pennsylvanien (Nordamerika) am Ohio River; 1500 Ew.; 2) Postort darin, am Ohio Pennsylvania Eisenbahn. Deutsche Ansiedelung (ursprünglich Harmonie genannt …   Pierer's Universal-Lexikon

  • Economy — (spr. ikónnomi), Ort in Pennsylvanien, Grafschaft Beaver, am Ohio, 1825 von Georg Rapp (s. d.) nach den Grundsätzen der Gütergemeinschaft und Ehelosigkeit gegründet, mit (1900) 1062 Einw …   Meyers Großes Konversations-Lexikon

  • economy — I (economic system) noun administration, administration of economics, administration of resources, economic science, management, management of resources, regulation of finances, system of distributing wealth, wealth II (frugality) noun avoidance… …   Law dictionary

  • economy — *system, scheme, network, complex, organism Analogous words: organization, institution, establishment, foundation (see corresponding verbs at FOUND) …   New Dictionary of Synonyms

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  • Economy — For other uses, see Economy (disambiguation). Economics …   Wikipedia

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