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definition of the word economy

by the Wiktionnary

From Latin oeconomia from Ancient Greek οἰκονομία (oikonomia), management of a househould, administration) from οἶκος (oikos), house) + νόμος (nomos), law). The first recorded sense of the word "economy", found in a work possibly composed in 1440, is "the management of economic affairs", in this case, of a monastery.

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economy (plural economies)

  1. Effective management of the resources of a community or system.
  2. The collective focus of the study of money, currency and trade, and the efficient use of resources.
  3. Frugal use of resources.
  4. The overall measure of a currency system; as the national economy.
  5. (theology) The method of divine government of the world.

Definition from Wiktionary
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