economy

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English Vietnamese dictionary

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Advanced English dictionary

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+ noun (plural economies)
1 (often the economy) [C] the relationship between production, trade and the supply of money in a particular country or region: The economy is in recession. + the world economy + a market economy (= one in which the price is fixed according to both cost and demand)
2 [C] a country, when you are thinking about its economic system: Ireland was one of the fastest-growing economies in Western Europe in the 1990s.
3 [C, U] the use of the time, money, etc. that is available in a way that avoids waste: We need to make substantial economies. + It's a false economy to buy cheap clothes (= it seems cheaper but it is not really since they do not last very long). + She writes with a great economy of words (= using only the necessary words). + (BrE) We're on an economy drive at home. (= trying to avoid waste and spend as little money as possible) + Buy the large economy pack! (= the one that gives you better value for money) + to fly economy (class) (= by the cheapest class of air travel) + an economy fare (= the cheapest)

Thesaurus dictionary

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n.

1 thrift, husbandry, thriftiness, conservation, conservatism, saving, restraint, control, frugality:

We'll have to exercise economy to get through the winter.

2 brevity, briefness, succinctness, terseness, conciseness, concision, compactness, restraint, curtness:

He manages to get his ideas across with an admirable economy of language.

Collocation dictionary

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¹ operation of a country's money supply

ADJ.

booming, buoyant, dynamic, healthy, sound, stable, strong | ailing, depressed, flagging, fragile, stagnant, weak

The government devalued the currency to try to revive the flagging economy.

| advanced, developed, modern | agrarian,

agricultural, capitalist, industrial,

liberal, market, mixed, monetary, planned, rural, service-based, socialist

a modern industrial economy

| domestic, global, internal, international, local, national, world

the increasingly competitive global economy

| black, informal, underground

The black economy booms when there is high unemployment.

VERB + ECONOMY

build, rebuild

Each party has its own strategy for building a strong economy.

| control, handle, manage, manipulate, operate, regulate, run

The government was accused of failing to run the economy competently.

| boost, develop, expand, help, improve, kick-start, reinvigorate, rescue, revive, stabilize, stimulate, strengthen | liberalize | damage, harm, weaken, wreck

ECONOMY + VERB

develop, expand, flourish, grow | be in/go into recession, collapse, contract, fail, slow, stagnate | pick up, recover, stabilize

PHRASES

an area/a sector of the economy

Transport workers are employed in all sectors of the economy.

| the backbone/mainstay of the economy

Agriculture was the backbone of the economy.

| growth in/of the economy

A small manufacturing sector inhibits growth in the economy.

| control/handling/management of the economy

37% approved the president's handling of the economy.

| the size of the economy, the state of the economy

The government has been criticized over the state of the economy. > Special page at BUSINESS

² careful use of money/time/resources

ADJ.

important, major, significant | false

Buying cheap shoes is a false economy.

VERB + ECONOMY

achieve, make

We could achieve major economies in time with this new machinery.

ECONOMY + NOUN

drive

Savings are being planned as part of a huge economy drive.

PREP.

~ in

possible economies in telephone costs

PHRASES

economy of effort/movement

It was impressive to see her economy of movement as she worked the machine.

| economy of scale

Large firms can benefit from economies of scale.

Concise English dictionary

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economiesɪ'kɒnəmɪ
noun
+the system of production and distribution and consumption
+the efficient use of resources
+frugality in the expenditure of money or resources
+an act of economizing; reduction in cost