What does “economy” mean?
- 1
nounthe system of trade, industry and money in a country or region
Tourism is important to the local economy.
- 2
nounthe cheapest seats on a plane
We always fly economy.
Economy at a glance
- Part of speech
- noun
- CEFR level
- B1 (intermediate)
- Pronunciation
- /ɪˈkɑnəmi/ · ih-KAH-nuh-mee
- Forms
- economies
How to use “economy” correctly
Stress the second syllable: ih-KAH-nuh-mee, but the adjective is ek-uh-NAH-mik.
Common phrases with “economy”
- the global economy
- a strong economy
- economy class
Synonyms, opposites and related words
Word family
- economic
- economics
- economist
- economical
“economy” is on these word lists
Learn these words next
- agreement nounB1an arrangement or promise between people, groups or countries
- campaign nounB1a planned set of activities to achieve a goal, such as winning an election
- candidate nounB1a person who is trying to be chosen for a job or elected to a position
- officer nounB1a police officer
- organization nounB1a group such as a company, club or charity with a shared purpose
- policy nounB1a set of plans or rules agreed by a government, company or group
- tax nounB1money that people and businesses must pay to the government
- administration nounB2the work of organizing and running a business, school or other organization