economy

== English == === Alternative forms === oeconomy, œconomy (archaic) === Etymology === From Middle English yconomye, yconomy, borrowed via Old French [Term?] or Medieval Latin from Latin oeconomia, from Ancient Greek οἰκονομία (oikonomía, “management of a household, administration”), from οἶκος (oîkos, “house”) + νέμω (némō, “distribute, allocate”). By 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. === Pronunciation === (Received Pronunciation) IPA(key): /ɪˈkɒ.nə.mi/, /iːˈkɒ.nə.mi/ (General American, dialects of Canada) enPR: ĭkŏʹnəmē, əkŏʹnəmē IPA(key): /iˈkɑ.nə.mi/, /ɪˈkɑ.nə.mi/, /əˈkɑ.nə.mi/ (Canada, dialects of the US) IPA(key): /ɪˈkɒn.ə.mi/, /iˈkɒn.ə.mi/ (General Australian) IPA(key): /ɪˈkɔn.ə.mi/ (New Zealand) IPA(key): /əˈkɒn.ə.mi/, [əˈkɔ̟n.ə.mi] Rhymes: -ɒnəmi === Noun === economy (countable and uncountable, plural economies) Effective management of a community or system, or especially its resources. (obsolete) The regular operation of nature in the generation, nutrition and preservation of animals or plants. animal economy, vegetable economy (obsolete) System of management; general regulation and disposition of the affairs of a state or nation, or of any department of government. (obsolete) A system of rules, regulations, rites and ceremonies. the Jewish economy (obsolete) The disposition or arrangement of any work. the economy of a poem The study of money, currency and trade, and the efficient use of resources. Frugal use of resources. April 5, 1729, Jonathan Swift, letter to St. John I have no other notion of economy than that it is the parent to liberty and ease. 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. (See Economy (religion) on Wikipedia.Wikipedia .) (US) The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class. (archaic) Management of one’s residency. ==== Derived terms ==== ==== Related terms ==== economics macroeconomics microeconomics ==== Translations ==== === Adjective === economy (not comparable) Cheap to run; using minimal resources; representing good value for money; economical. === Adverb === economy (not comparable) (US) In or via the part of a commercial passenger airplane reserved for those paying the lower standard fares. ==== Translations ==== === References === === Anagrams === monoecy