Definition for Economy

economy, n. [Middle Fr. < Gk 'management of a household; arrangement of a literary work'.] (webplay: nature, time).

  1. Wisdom; prudence; frugality; [fig.] elegance; finesse; modest style (see L. brevia); [Webster 1844] effective poetic arrangement; proper disposition of language elements.
  2. Management; regulation; government; discipline; order; rigor; [fig.] obedience; faithfulness.
  3. Home; household resources; family organization; social network; (see Thoreau's “Economy” in Walden).

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