economy

n 1: the system of production and distribution and consumption

[syn: {economic system}]

2: the efficient use of resources; "economy of effort"

3: frugality in the expenditure of money or resources; "the

Scots are famous for their economy" [syn: {thriftiness}]

4: an act of economizing; reduction in cost; "it was a small

economy to walk to work every day" or "there was a saving

of 50 cents" [syn: {saving}]