noun (econom, ies)
- Effective management of the resources of a community or system.
- The collective focus of the study of money, currency and trade.
- Frugal use of resources.
- The overall measure of a currency system; as the national economy.
- (theology) The method of divine government of the world.
- Dutch: economie
- French: économie
- German: Wirtschaft , íľkonomie
- Italian: economia
- Spanish: economía
- cheap; using minimal resources.
Translations: Etymology: Household management, from oeconomia, from w:Greek language, Greek oikonomia household management from oikonomos manager, steward, from oikos house (cognate with Latin vicus district, vicinus near; w:Old English, Old English wic dwelling, village; see villa) + nomos managing from nemein manage (see numismatics). The sense of manage the resources of a country (short for political economy) is from 1651. Hence, economic (1835) means related to the science of economics, while economical (1780) retains the sense characterized by thrift.
- "He bought an car."
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