economy; economic; thrifty; manage state affairs
Meanings
6 senses · 14 examplesnoun
activity of material production and reproduction in society
formalThe fundamental concept in economics.
Economic activities include production, distribution, and consumption.
This book introduces Marxist economic theory.
noun
national economy; general term for a country's economy or its sectors
Refers to the overall economy or specific economic sectors.
China is the world's second-largest economy.
The uneven development of regional economies is an important issue.
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The digital economy is changing our lives.
adjective
relating to national economy; valuable or impactful for the national economy
Used attributively to modify nouns like 'crops' or 'insects'.
Cotton is an important cash crop.
We should protect economically beneficial insects for agriculture.
noun
personal living expenses; financial situation of a household or individual
Refers to an individual's or family's finances and living standards.
His family's finances are relatively comfortable, with no worries about living.
Right after graduation, my finances were quite tight.
adjective
economical; thrifty; efficient (using minimal resources for maximum result)
Praises efficiency and minimal waste of resources.
The author depicted this complex struggle with very economical use of ink.
This design is very economical, saving a lot of materials.
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Taking the subway is an economical way to travel.
verb
to manage state affairs; to govern a country
literaryClassical/literary usage.
He has the talent to manage the world and bring relief to the people.
Scholars in ancient times often harbored the ambition to govern and benefit the world.