American English
/ɪˈkʰɑ.nə.mi/
4 syllables · Stress the second syllable.
The system by which a country or region produces, sells, and uses goods and services.
Economy is usually pronounced “ih-KON-uh-mee” (/ɪˈkɑnəmi/). Some speakers also say “ee-KON-uh-mee” (/iˈkɑnəmi/).
The system by which a country or region produces, sells, and uses goods and services.
The economy is growing quickly.
Tourism is important to the local economy.
In news reports, the economy often means the financial situation of a country or region.
strong economy · weak economy · global economy · local economy
the economy is + adjective
the economy of + place
Careful use of money, time, fuel, or other resources, so that none is wasted.
The new car has excellent fuel economy.
She used the materials with economy.
This meaning is often used in expressions such as fuel economy and economy of scale.
fuel economy · economy of scale · economy of space
economy of + noun
with economy
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.
The plural changes -y to -ies: economies.