economy

/ɪˈkɑnəmi/
adjective
  1. Designed to be cheap or to save money; budget.
    • The hotel offers an economy package with basic amenities.
    • We bought the economy size of detergent to get more for our money.
    • They chose an economy car that uses less fuel.
Synonyms
noun
  1. The system of how money, goods, and services are produced, bought, and sold in a country or region.
    • The pandemic had a major impact on the global economy.
    • A strong economy usually means more jobs are available.
    • The country's economy grew by 3% this year.
  2. Careful use of money, resources, or effort to avoid waste.
    • She lives with great economy, never buying things she doesn't need.
    • Practicing economy at home means turning off lights when not in use.
    • The company's new policy encouraged economy in all departments.
  3. A class of travel (especially on airplanes) that is cheaper and has fewer services.
    • We flew economy to save money on our vacation.
    • Economy seats are smaller than business class seats.
    • She always books economy tickets for short flights.
What does "economy" mean? | whatsthatwordmean | whatsthatwordmean