Simple meaning
What does Economy mean?
Economy means how people in a place make, buy, and use things.
Dictionary definition
The way money, goods, and services are made, shared, and used in a place.
Example sentences
Economy in a sentence
easy
Our class talked about how the town economy includes farms and shops.
medium
A strong economy can mean more jobs are available.
hard
The local economy changes when new businesses open.
Synonyms
Words like Economy
market systemRefers to how buying and selling work together.
trade networkFocuses on exchange of goods and services.
Antonyms
Opposite words
shortageA shortage can show when goods are not enough.
wasteWaste can hurt how resources are used.
Word family
Economy word family
Base word
economy
noun
economies
Systems in different places.
adjective
economic
Related to money and trade systems.
Related words
Explore related words
Quick practice
Try Economy
Practice 1
What is an economy?
Economy describes how people make, sell, and buy goods and services.
Practice this skill
Practice vocabulary in WordHive
Use the dictionary to understand Economy, then move into short activities matched to the skills on this page.
Learning paths
- Define the Word Hive for word meanings.
- Synonym Search for word choice.
- Context Clue Challenge for sentence clues.
- Buzz Between for homophones and listening.
- Hive Builder for roots, prefixes, and suffixes.