economy
econ.o.my \i-'ka:n-*-me-\ n or economies [MF yconomie, fr. ML oeconomia, fr. Gk oikonomia, fr. oiko] pl nomos household manager, fr. oikos house + nemein to manage - more at VICINITY, NIMBLE archaic 1: the management of household or private affairs and esp. expenses 2a: thrifty use of material resources : frugality in expenditures; als o : an instance or a means of economizing 2b: the efficient and sparing use of the means available for the end propos ed 3: the system of arrangement or mode of operation or functioning of somethi ng : ORGANIZATION 4: the structure of economic life in a country, area, or period; specif)X : an economic system
Webster's English Dictionary