Economy (noun)
Definition
Economy refers to the system of production, distribution, and consumption of goods and services within a region, country, or world. It encompasses various aspects such as trade, industry, finance, and the overall management of resources to meet the needs and wants of individuals, businesses, and society as a whole.
Etymology
The term economy derives from the Greek word oikonomia, which means household management or administration of a household. It combines the words oikos (house) and nomos (law or rule).
Synonyms
The financial system, economic system, commerce, trade, market, fiscal system.
Antonyms
Inefficiency, wastefulness, extravagance.
FAQs (Frequently Asked Questions)
What is the economy?
The economy refers to the system of production, distribution, and consumption of goods and services in a region or country.
How does the economy work?
The economy operates through factors like supply and demand, monetary policies, and market behaviors influencing overall economic activity.
Why is the economy important?
A stable economy supports employment, wealth creation, and societal well-being, influencing standards of living and government policy decisions.
Related Content:
- Zygote
- Zinc
- Yucca</a>
- Yoga
- Yin
- Zither
- Zealotry
- Zonation
- Zymology
- Zoom
- Zigzag
- Zenith
- Yellow
- Yearbook
- Yarn
- Yard
- Yoyo
- Youth
- Yokel
- Yield
- Xylyl
- Xerarch
- Xiphoid
- Xeriscape
- Xanthan
- X-axis
- Xerography
- Xenon
- Xenophobia
- Wind
- While
- Week
- Wedding
- Web
- Weather
- Weakness
- Wealth
- Way
- War
- Vanity
- Vanilla
- Vampire
- Valor
- Valise
- Vale
- Unity
- Unanimity
- Undertaking
- Umbrage
- Umbilical cord
- Uber
- Utopia
- Utility
- Usurpation
- Thanks
- Television
- Term
- Tension
- Tennis
- Tea
- Technology
- Task
- Table
- Selection
- Sector
- Security
- Secretary
- Science
- School
- Scene
- Service
- Scale
- Satisfaction
- Salt
- Salad
- Region
- Refrigerator
- Reflection
- Recognition
- Reception
- Reality
- Reaction
- Ratio
- Rate
- Range
- Quickstep
- Quarter
- Quarantine
- Quality
- Quagmire
- Quadrant
- Period
- Performance
- Perception
- Payment
- Patience
- Passion
- Part
- Painting
- Paint
- Page
- October
- Oven
- Outside
- Order
- Organization
- Orange
- Oile
- Office
- Object
- Nut
- Nothing
- Marriage
- Marketing
- Management
- Man
- Line
- Language
- Ladder
- Kangaroo
- Income
- Improvement
- Impression
- Image
- Face
- Imagination
- Head
- Health
- Heart
- Heat
- Historians
- Height
- Game
- Guest
- Growth
- Group
- Gate
- Flight
- Fish
- Fire
- Film
- Field
- Feedback
- Election
- Effect
- Education
- Ear
- Date
- Database
- Departure
Explore A-Z Nouns List:
| A | B | C | D |
| E | F | G | H |
| I | J | K | L |
| M | N | O | P |
| Q | R | S | T |
| U | V | W | X |
| Y | Z |