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economy

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economy

 

  4  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Economy  \E*con"o*my\,  n.;  pl  {Economies}.  [F.  ['e]conomie,  L. 
  oeconomia  household  management,  fr  Gr  ?,  fr  ?  one  managing 
  a  household;  ?  house  (akin  to  L.  vicus  village,  E.  vicinity) 
  +  ?  usage,  law,  rule  fr  ne`mein  to  distribute,  manage.  See 
  {Vicinity},  {Nomad}.] 
  1.  The  management  of  domestic  affairs;  the  regulation  and 
  government  of  household  matters;  especially  as  they 
  concern  expense  or  disbursement;  as  a  careful  economy. 
 
  Himself  busy  in  charge  of  the  household  economies. 
  --Froude. 
 
  2.  Orderly  arrangement  and  management  of  the  internal  affairs 
  of  a  state  or  of  any  establishment  kept  up  by  production 
  and  consumption;  esp.,  such  management  as  directly 
  concerns  wealth;  as  political  economy. 
 
  3.  The  system  of  rules  and  regulations  by  which  anything  is 
  managed;  orderly  system  of  regulating  the  distribution  and 
  uses  of  parts  conceived  as  the  result  of  wise  and 
  economical  adaptation  in  the  author,  whether  human  or 
  divine;  as  the  animal  or  vegetable  economy;  the  economy 
  of  a  poem;  the  Jewish  economy. 
 
  The  position  which  they  [the  verb  and  adjective] 
  hold  in  the  general  economy  of  language.  --Earle. 
 
  In  the  Greek  poets,  as  also  in  Plautus,  we  shall  see 
  the  economy  .  .  .  of  poems  better  observed  than  in 
  Terence.  --B.  Jonson 
 
  The  Jews  already  had  a  Sabbath,  which  as  citizens 
  and  subjects  of  that  economy,  they  were  obliged  to 
  keep  --Paley. 
 
  4.  Thrifty  and  frugal  housekeeping;  management  without  loss 
  or  waste;  frugality  in  expenditure;  prudence  and 
  disposition  to  save;  as  a  housekeeper  accustomed  to 
  economy  but  not  to  parsimony. 
 
  {Political  economy}.  See  under  {Political}. 
 
  Syn:  {Economy},  {Frugality},  {Parsimony}.  Economy  avoids  all 
  waste  and  extravagance,  and  applies  money  to  the  best 
  advantage;  frugality  cuts  off  indulgences,  and  proceeds 
  on  a  system  of  saving.  The  latter  conveys  the  idea  of 
  not  using  or  spending  superfluously,  and  is  opposed  to 
  lavishness  or  profusion.  Frugality  is  usually  applied  to 
  matters  of  consumption,  and  commonly  points  to 
  simplicity  of  manners;  parsimony  is  frugality  carried  to 
  an  extreme,  involving  meanness  of  spirit,  and  a  sordid 
  mode  of  living.  Economy  is  a  virtue,  and  parsimony  a 
  vice. 
 
  From  WordNet  r  1.6  [wn]: 
 
  economy 
  n  1:  the  system  of  production  and  distribution  and  consumption 
  [syn:  {economic  system}] 
  2:  the  efficient  use  of  resources;  "economy  of  effort" 
  3:  frugality  in  the  expenditure  of  money  or  resources;  "the 
  Scots  are  famous  for  their  economy"  [syn:  {thriftiness}] 
  4:  an  act  of  economizing;  reduction  in  cost;  "it  was  a  small 
  economy  to  walk  to  work  every  day"  or  "there  was  a  saving 
  of  50  cents"  [syn:  {saving}] 
 
  From  U.S.  Gazetteer  (1990)  [gazetteer]: 
 
  Economy,  IN  (town,  FIPS  20152) 
  Location:  39.97742  N,  85.08712  W 
  Population  (1990):  151  (68  housing  units) 
  Area:  0.3  sq  km  (land),  0.0  sq  km  (water) 
  Zip  code(s):  47339 
  Economy,  PA  (borough,  FIPS  22264) 
  Location:  40.63840  N,  80.18511  W 
  Population  (1990):  9519  (3373  housing  units) 
  Area:  45.8  sq  km  (land),  0.2  sq  km  (water) 
 
  From  THE  DEVIL'S  DICTIONARY  ((C)1911  Released  April  15  1993)  [devils]: 
 
  ECONOMY,  n.  Purchasing  the  barrel  of  whiskey  that  you  do  not  need  for 
  the  price  of  the  cow  that  you  cannot  afford.




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