Economy

usgb/ɪˈkɑːnəmi/
noun

The way a country manages its money and resources to produce, buy and sell goods and services.

The economy of the country has been growing steadily for the last few years.
Visual representation of "economy" - The way a country manages its money and resources to produce, buy and sell goods and services.

Often appears as...

  • national economy
  • world economy
Definition 1 of 4
Visual representation of "economy"
LampPro Tip 1/3

National Context

Use 'economy' when discussing a country's financial health and practices.

Illustration for National Context
The new policy aims to strengthen the national economy.
LampPro Tip 2/3

Beyond Money

'Economy' also involves resources like labor and materials, not just money.

Illustration for Beyond Money
The economy benefits from advancements in technology.
LampPro Tip 3/3

Growth or Decline

Economy can grow or decline, reflecting a country's success or struggle.

Illustration for Growth or Decline
The recent recession hit the global economy hard.
Visual representation of the word "Economy"

Never forget "Economy"

Humans forget easily. That's why you should download WordUp: Smart reminders, word games, AI practice, and much more!

Download on the App StoreGet it on Google PlayGet it from MicrosoftGet it on AppGallery
Chrome

WordUp Chrome Extension

As you browse the web instantly look up words you don’t know.

Get Chrome Extension
Back to top