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economythe system of trade and industry by which the wealth of a country or region is made and used

Part of speech: NOUN

Definition: the system of trade and industry by which the wealth of a country or region is made and used

Pronunciation (IPA): /ɪˈkɑːnəmi/

Example Sentences

  • My mom's grocery shopping strategy is pure economy - she buys everything on sale and we eat soup for a week!
  • The digital economy has changed how we work and shop.
  • Flying economy class means my knees become best friends with the seat in front of me.

economy

NOUN

[/ɪˈkɑːnəmi/]

the system of trade and industry by which the wealth of a country or region is made and used

The nation's economy runs on factories, farms, and bustling markets working together.
💡 Concept

The nation's economy runs on factories, farms, and bustling markets working together.

Gastronomy with autonomy builds a thriving economy!
🎵 Rhyme

Gastronomy with autonomy builds a thriving economy!

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🎤Pronunciation

🇺🇸 US/ɪˈkɑːnəmi/
🇬🇧 UK/ɪˈkɒnəmi/

🌳Etymology

Rooteconom
Suffix--y

Origin

From Greek 'oikonomia', combining 'oikos' (house) and 'nomos' (law/management). Originally referred to the management of a household or estate, later extended to the management of a state's resources and wealth.

Breakdown

oiko- (house) + -nomy (law/management, from Greek nomos) = economy

🎵Rhyme

autonomyastronomygastronomy
autonomy
astronomy
gastronomy

🔗Collocations

global economy
boost the economy
market economy
economy class
fuel economy
strong economy

📝Examples

😄 Fun example

My mom's grocery shopping strategy is pure economy - she buys everything on sale and we eat soup for a week!

The digital economy has changed how we work and shop.

😄 Fun example

Flying economy class means my knees become best friends with the seat in front of me.

The government announced new policies to stimulate the economy.

📚Related Words

Synonyms

financecommercetradebusinessmarket

Antonyms

wasteextravaganceluxury

Related

economiceconomisteconomicaleconomicseconomize

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