definition of
economy

[1] #1 economy n. [economic system] the system of production and distribution and consumption. wn

[2] #2 economy n. the efficient use of resources; "economy of effort". wn

[3] #3 economy n. [thriftiness] frugality in the expenditure of money or resources; "the Scots are famous for their economy". wn

[4] #4 economy n. [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". wn