The stock markeet is a part of our economy.
The definition of economy is inexpensive.
An example of economy is a low priced car that gets excellent mileage on a gallon of gas.
Economy is defined as the management of financial matters for a community, business or family.
An example of economy is the stock market system in the United States.
- the management of the income, expenditures, etc. of a household, business, community, or government
- careful management of wealth, resources, etc.; avoidance of waste by careful planning and use; thrift or thrifty use
- restrained or efficient use of one’s materials, technique, etc., esp. by an artist
- an instance of such management or use, or a way of economizing
- an orderly management or arrangement of parts; organization or system: the economy of the human body
- a system of producing, distributing, and consuming wealth
- the condition of such a system: a healthy economy
Origin of economy
Classical Latinoeconomiafrom Classical Greekoikonomia, management of a household or state, public revenue fromoikonomos, manager fromoikos, house (see eco-) +-nomia, -nomy
- costing less than the standard or traditional kind: an economy car, an economy flight
- providing more of a product at a lower unit price: an economy package
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 or result of such management; a saving.
a. The system or range of economic activity in a country, region, or community: Effects of inflation were felt at every level of the economy.
b. A specific type of economic system: an industrial economy; a planned economy.
- An orderly, functional arrangement of parts; an organized system: “the sense that there is a moral economy in the world, that good is rewarded and evil is punished” ( George F. Will )
- Efficient, sparing, or conservative use: wrote with an economy of language.
- The least expensive class of accommodations, especially on a commercial conveyance, such as an airplane.
- Theology The method of God’s government of and activity within the world.
Economical or inexpensive to buy or use: an economy car; an economy motel.
Origin of economy
Middle Englishyconomyemanagement of a householdfromLatinoeconomiafromGreekoikonomiāfromoikonomosmanager of a householdoikoshouse; seeweik-1in Indo-European roots.nemeinto allot, manage; seenem-in Indo-European roots.Noun
- Effective management of the resources of a community or system.
- Collective focus of the study of money, currency and trade, and the efficient use of resources.
- Frugal use of resources.
- The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
- (theology) The method of divine government of the world.
- (archaic) Management of one’s residency.
- Cheap to run; using minimal resources; representing good value for money. “He bought an economy car.” “Economy size”.
From Latin oeconomia, from Ancient Greek οἰκονομία (oikonomia, “management of a household, administration”), from οἶκος (oikos, “house”) + νόμος (nomos, “law”) (surface analysis eco- + -nomy). The first recorded sense of the word economy, found in a work possibly composed in 1440, is “the management of economic affairs”, in this case, of a monastery.