economy
//ɪˈkɒnəmi//
Noun
economySingular
economiesPlural
1
The system of production, distribution, and consumption of goods and services in a country, region, or community.
The country's economy has been growing steadily over the past decade.
2
Careful management of resources to avoid waste; thriftiness.
We need to practice economy in our use of electricity.
3
A class of travel or service that is less expensive and offers fewer amenities than higher classes.
I booked an economy ticket to save money on my flight.