A2 noun Neutral #343 most common

economy

/ɪˈkɒnəmi/

The system of trade and industry by which the wealth of a country or region is organized. it refers to how money, goods, and services are produced, sold, and bought.

Examples

3 of 5
1

The local economy relies heavily on tourists visiting the beach.

The local economy relies heavily on tourists visiting the beach.

2

The government is introducing new policies to stabilize the national economy.

The government is introducing new policies to stabilize the national economy.

3

People say the economy is finally getting better this year.

People say the economy is finally getting better this year.

Word Family

Noun
economy
Verb
economize
Adverb
economically
Adjective
economic
Related
economics
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Memory Tip

Think of the 'eco' in economy as 'everything counts' in the management of money.

Quick Quiz

The country's _____ is growing because more people are finding jobs.

Correct!

The correct answer is: economy

Examples

1

The local economy relies heavily on tourists visiting the beach.

everyday

The local economy relies heavily on tourists visiting the beach.

2

The government is introducing new policies to stabilize the national economy.

formal

The government is introducing new policies to stabilize the national economy.

3

People say the economy is finally getting better this year.

informal

People say the economy is finally getting better this year.

4

Research shows that a circular economy can reduce environmental waste.

academic

Research shows that a circular economy can reduce environmental waste.

5

We must adapt our business strategy to the current global economy.

business

We must adapt our business strategy to the current global economy.

Word Family

Noun
economy
Verb
economize
Adverb
economically
Adjective
economic
Related
economics

Common Collocations

global economy global economy
strong economy strong economy
boost the economy boost the economy
local economy local economy
economy class economy class

Common Phrases

market economy

market economy

false economy

false economy

gig economy

gig economy

Often Confused With

economy vs economics

Economy is the actual system of money and trade, while economics is the academic study of that system.

📝

Usage Notes

Use 'the economy' when talking about the financial situation of a country. Use 'economy' as an adjective (e.g., economy size) to mean something is cheaper or larger for a lower price.

⚠️

Common Mistakes

Learners often forget to use the article 'the' before 'economy' when talking about a country's finances.

💡

Memory Tip

Think of the 'eco' in economy as 'everything counts' in the management of money.

📖

Word Origin

From the Greek word 'oikonomia', which means 'household management'.

Grammar Patterns

Countable noun (plural: economies) Often used with the definite article 'the' Can function as a noun adjunct (e.g., economy seating)
🌍

Cultural Context

The state of the economy is a primary topic in news media and a major factor in political elections worldwide.

Quick Quiz

The country's _____ is growing because more people are finding jobs.

Correct!

The correct answer is: economy

Related Phrases

Related Words

subcapure

C1

Relating to a secondary or subordinate stage of capturing data, images, or specimens within a larger primary process. It describes a nested acquisition mechanism used to record specific subsets of information under a broader set of parameters.

triunior

C1

A triunior is a specialized term used in certain organizational or tripartite structures to denote a third-tier junior member or an entry-level official within a specific hierarchy. It refers to an individual who occupies the lowest level of a three-part junior classification system, often found in niche administrative or academic contexts.

pretracttion

C1

To exert a forward-moving force or tension on a physical structure, usually as a preliminary step in a technical or medical process. It involves drawing a component toward the front or applying tension prior to a primary action to ensure proper alignment or stability.

microprivic

C1

To selectively remove or strip away minuscule, often essential, components from a larger structure or system. This verb describes a process of highly precise deprivation occurring at a microscopic or granular level.

extraprehendery

C1

Describing knowledge or insights that lie beyond the standard limits of human perception or intellectual grasp. It often refers to concepts that are highly abstract, metaphysical, or so complex that they require a specialized or transcendent way of thinking to be understood.

circumscendic

C1

Describing a movement or path that involves climbing or scaling around the perimeter of an object. It often refers to a circuitous upward trajectory used to bypass obstacles or cover the entirety of a vertical structure.

rematerine

C1

To re-incorporate or restore something to its original material or essential state, especially after it has been fragmented, digitized, or abstractly altered. It describes the process of making an abstract concept or a digital set of data tangible and physical once more.

explicine

C1

Describes information, structures, or concepts that are inherently self-explanatory and unfold their meaning clearly without the need for external interpretation. It refers to a state of being naturally transparent or methodically detailed in a way that precludes ambiguity.

comdurist

C1

Describing an attitude or strategy characterized by an unyielding, steadfast commitment to enduring challenges over a long period. It refers to the quality of being resolutely persistent despite significant hardship or delay in results.

dishospation

C1

Describing an attitude or environment that is significantly lacking in hospitality or friendliness toward guests. It denotes an actively unwelcoming, cold, or repellent reception in social, professional, or academic settings.

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