1. the system of trade and industry by which the wealth of a country or region is made and used
2. careful management of available resources to avoid waste
3. the cheapest class of accommodations on an airplane, train, or ship

1. designed to be inexpensive; offering basic service at low cost

Examples

• The country’s economy has grown steadily over the past decade.
• We need to practice economy and reduce our spending this month.
• She always flies economy to save money on business trips.
• The economy car rental was perfect for our short weekend trip.
• The government announced new policies to boost the national economy.
• His grandmother taught him the value of economy in household management.
• Economy class passengers board the plane last.