plural noun
The systems by which countries or regions produce, sell, and use goods and services.
Global economies rely on international trade.
The economies of many countries were affected by the recession.
American English
How to pronounce economies
nounB1Common word
ihKAHnuhmeez
/ɪˈkʰɑ.nə.miz/
4 syllables · Stress the second syllable.
Form of economy
The systems by which countries or regions produce, sell, and use goods and services.
Practice out loudMeanings & examples
plural noun
Savings made by using money, time, fuel, or other resources carefully.
The economies of scale made production more efficient.
The company made economies by reducing energy use.
Useful expressions
The cheapest standard section on a plane or train.
We flew economy class to save money.
A lower cost per item when a business produces more items.
The company benefits from economies of scale.
How far a vehicle travels using a certain amount of fuel.
Fuel economy matters when gas is expensive.
Related words & forms
The plural changes -y to -ies: economies.