| economy | | |
| n. (group) | 1. economic system, economy | the system of production and distribution and consumption. |
| ~ sector | a social group that forms part of the society or the economy.; "the public sector" |
| ~ black economy | a hidden sector of the economy where private cash transactions go unreported.; "no one knows how large the black economy really is" |
| ~ industrialism | an economic system built on large industries rather than on agriculture or craftsmanship. |
| ~ free enterprise, laissez-faire economy, market economy, private enterprise | an economy that relies chiefly on market forces to allocate goods and resources and to determine prices. |
| ~ mixed economy | an economic system that combines private and state enterprises. |
| ~ non-market economy | an economy that is not a market economy. |
| ~ state capitalism | an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production. |
| ~ state socialism | an economic system in which the government owns most means of production but some degree of private capitalism is allowed. |
| ~ system, scheme | a group of independent but interrelated elements comprising a unified whole.; "a vast system of production and distribution and consumption keep the country going" |
| n. (cognition) | 2. economy | the efficient use of resources.; "economy of effort" |
| ~ efficiency | skillfulness in avoiding wasted time and effort.; "she did the work with great efficiency" |
| n. (attribute) | 3. economy, thriftiness | frugality in the expenditure of money or resources.; "the Scots are famous for their economy" |
| ~ frugality, frugalness | prudence in avoiding waste. |
| n. (act) | 4. economy, saving | an act of economizing; reduction in cost.; "it was a small economy to walk to work every day"; "there was a saving of 50 cents" |
| ~ action | something done (usually as opposed to something said).; "there were stories of murders and other unnatural actions" |
| ~ downsizing, retrenchment, curtailment | the reduction of expenditures in order to become financially stable. |
| ~ economy of scale | the saving in cost of production that is due to mass production. |
| economize | | |
| v. (possession) | 1. conserve, economise, economize, husband | use cautiously and frugally.; "I try to economize my spare time"; "conserve your energy for the ascent to the summit" |
| ~ save, preserve | to keep up and reserve for personal or special use.; "She saved the old family photographs in a drawer" |
| ~ retrench | tighten one's belt; use resources carefully. |
| v. (possession) | 2. economise, economize, save | spend sparingly, avoid the waste of.; "This move will save money"; "The less fortunate will have to economize now" |
| ~ expend, spend, drop | pay out.; "spend money" |
| ~ tighten one's belt | live frugally and use less resources.; "In the new economy, we all have to learn to tighten our belts" |
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