1. (n.) The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.

2. (n.) Orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth; as, political economy.

3. (n.) The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the Jewish economy.

4. (n.) Thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony.

GNP barter economy brevity briefness budget capitalistic economy carefulness cheap cheeseparing collectivized economy compactness conciseness concision conservation conservatism consumer economy control curtness discretion diversified economy easy economic economic system economy of assumption economy of means elegance farm economy forehandedness free-enterprise economy frugal frugality gross national product handicraft economy hot economy husbandry industrial economy inexpensive laissez-faire law of parsimony local economy low low-priced manageable meanness mercantile economy miserliness moderate modest national economy nominal overheated economy parsimoniousness parsimony paucity pinching planned economy private-enterprise economy providence prudence reasonable restraint rural economy saving scrimping sensible shabby shoddy skimping socialistic economy sound economy stinginess stinting succinctness terseness thrift thriftiness token town economy unexpensive urban economy village economy war economy within means world economy worth the money