1. Cheap to run; using minimal resources; representing good value for money.
- "He bought an economy car.""Economy size".
1. the system of production and distribution and consumption
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
Similar word(s): thriftiness
4. an act of economizing; reduction in cost
- it was a small economy to walk to work every day
Similar word(s): saving