Emily Dickinson Lexicon
Definition for E-CON'O-MY
E-CON'O-MY, n. [L. œconomia; Gr. οικονομια; οικος, house, and νομος, law, rule.]
- Primarily, the management, regulation and government of a family or the concerns of a household. Taylor.
- The management of pecuniary concerns or the expenditure of money. Hence,
- A frugal and judicious use of money; that management which expends money to advantage, and incurs no waste; frugality in the necessary expenditure of money. It differs from parsimony, which implies an improper saving of expense. Economy includes also a prudent management of all the means by which property is saved or accumulated; a judicious application of time, of labor, and of the instruments of labor.
- The disposition or arrangement of any work; as the economy of a poem. Dryden. B. Jenson.
- A system of rules, regulations, rites and ceremonies; as, the Jewish economy. The Jews already had a sabbath, which, as citizens and subjects of that economy, they were obliged to keep, and did keep. Paley.
- The regular operations of nature in the generation, nutrition and preservation of animals or plants; as, animal economy; vegetable economy.
- Distribution or due order of things. Blackmore.
- Judicious and frugal management of public affairs; as, political economy.
- System of management; general regulation and disposition of the affairs of a state or nation, or of any department of government.
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