What is the meaning of Economy?

Effective management of a community or system, or especially its resources.

  1. The regular operation of nature in the generation, nutrition and preservation of animals or plants.

    The regular operation of nature in the generation, nutrition and preservation of animals or plants.

    System of management; general regulation and disposition of the affairs of a state or nation, or of any department of government.

    A system of rules, regulations, rites and ceremonies.

    The disposition or arrangement of any work.

    The study of money, currency and trade, and the efficient use of resources.

    Frugal use of resources.

    The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.

    The method of divine government of the world. (See w:Economy (religion).)

    The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.

    Management of one’s residency.

    Cheap to run; using minimal resources; representing good value for money; economical.

    In or via the part of a commercial passenger airplane reserved for those paying the lower standard fares.

    Source: wiktionary.org