An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents.
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Economy definition, thrifty management; frugality in the expenditure or consumption of money, materials, etc. See more.
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An economy is the large set of interrelated economic production and consumption activities which aid in determining how scarce resources are allocated.
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A hefty rise in payrolls last month points to an economy strong enough to draw people back into the labor force. Over all, 213,000 jobs were added. By Patricia Cohen.
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