nouns
the system of production and distribution and consumption
the efficient use of resources
"economy of effort"
is a type of (narrower)
skillfulness in avoiding wasted time and effort
"she did the work with great efficiency"
frugality in the expenditure of money or resources
"the Scots are famous for their economy"
an act of economizing; reduction in cost
"it was a small economy to walk to work every day"; "there was a saving of 50 cents"