• (n.) See Economy.
OE·con'o·my noun See Economy . 
economy, oeconomy 1. The production and consumption of goods and services of a community regarded as a whole. 2. The prudent managing of resources to avoid extravagant expenditure or waste. 3. A saving or attempt to reduce expenditure. 4. Originally, the management of a household. 5. Current usage is sometimes a reference to that which is intended ...