economy

noun

/ɪˈkɒnəmi/

/ɪˈkɑːnəmi/

(plural economies)

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(often the economy)
[countable] the relationship between production, trade and the supply of money in a particular country or region
- The economy is in recession.
- the world/global economy
- Tourism clearly dominates the local economy.
- He favours tax cuts to stimulate the economy.
- to boost/revive/grow the economy
- Over the past few years, the country's economy has grown at a record pace.
see also black economy, command economy, consumer economy, controlled economy, gig economy, market economy, mixed economy, planned economy, political economy, sharing economy, tiger economy, underground economy
Collocations The economy
The economyManaging the economy
- handle/run/manage the economy
- boost investment/spending/employment/growth
- stimulate demand/the economy/industry
- cut/reduce investment/spending/borrowing
- reduce/curb/control/keep down inflation
- create/fuel growth/demand/a boom/a bubble
- encourage/foster/promote/stimulate/stifle innovation/competition
- encourage/work with/compete with the private sector
- increase/boost/promote US/agricultural exports
- ban/restrict/block cheap/foreign imports
- the economy grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming
- enjoy an economic/housing/property boom
Economic problems
- push up/drive up prices/costs/inflation
- damage/hurt/destroy industry/the economy
- cause/lead to/go into/avoid/escape recession
- experience/suffer a recession/downturn
- fight/combat inflation/deflation/unemployment
- cause/create inflation/poverty/unemployment
- create/burst a housing/stock market bubble
- cause/trigger a stock market crash/the collapse of the banking system
- face/be plunged into a financial/an economic crisis
- be caught in/experience cycles of boom and bust
Public finance
- cut/reduce/slash/increase/double the defence/education/aid budget
- increase/boost/slash/cut public spending
- increase/put up/raise/cut/lower/reduce taxes
- raise/cut/lower/reduce interest rates
- ease/loosen/tighten monetary policy
- balance the (state/federal) budget
- achieve/maintain a balanced budget
- run a ($4 trillion) budget deficit/surplus
- impose taxes/austerity measures
politics, vote
Wordfinder
- afford
- bank
- bankrupt
- capital
- economy
- expense
- finance
- invest
- money
- profit
Extra Examples
- A downturn in the economy is affecting many small businesses.
- Agriculture was the backbone of the economy.
- Cuba should have been able to diversify its economy.
- Each party has its own strategy for building a strong economy.
- It's the industry which keeps our national economy moving.
- Japan successfully modernized its economy.
- Income from this exported crop drove the economy of Mali.
- Government measures to slow the economy failed to curb fuel demand growth.
- A small manufacturing sector inhibits growth in the economy.
- In order for our bubble economy to continue expanding, Americans must continue spending.
- Should we be worried that a dollar crisis threatens the economy?
- The South African economy emerged from decades of international isolation.
- The government devalued the currency to try to revive the flagging economy.
- The region has an economy based on services and finance.
- This massive retailer has been shaping the economy for a decade.
- a modern industrial economy
- Transport workers are employed in all sectors of the economy.
- The government has been criticized over the state of the economy.
- The economy is booming.
- the current slowdown/growth in the economy
- Immigrants are paying taxes and contributing to the economy.
Topics Moneyb1, Politicsb1
Oxford Collocations Dictionary
adjective
- booming
- buoyant
- dynamic
- …
verb + economy
- build
- create
- rebuild
- …
economy + verb
- boom
- develop
- expand
- …
phrases
- an area of the economy
- a sector of the economy
- the backbone of the economy
- …
See full entry
[countable] a country, when you are thinking about its economic system
- Ireland was one of the fastest-growing economies in Western Europe in the 1990s.
- emerging economies (= that are starting to grow)
- developed economies
Topics Moneyb2
[countable, uncountable] the use of resources in a way that avoids waste
- The company has improved the fuel economy of all its vehicles.
- It's a false economy to buy cheap clothes (= it seems cheaper but it is not really since they do not last very long).
- (British English) We're on an economy drive at home (= trying to avoid waste and spend as little money as possible).
Oxford Collocations Dictionary
adjective
- significant
- false
- fuel
- …
verb + economy
- achieve
- make
economy + noun
- drive
preposition
- economy in
phrases
- economy of effort
- economy of movement
- economy of scale
- …
See full entry
[uncountable] (in compound nouns) offering good value for money
- Buy the large economy pack.
economies
[plural] ways of saving money
- We need to make substantial economies.
- Large firms can benefit from economies of scale (= by producing many items the cost of producing each one is reduced).
- economies in something possible economies in phone costs
economy of something [uncountable, singular] a way of using as little of something as possible
- a technique based on economy of effort
- She writes with a great economy of words (= using only the necessary words).
- It was impressive to see her economy of movement as she worked the machine.
(also economy class)
[uncountable] the cheapest class of air travel
- We flew economy.
- an economy fare/ticket/seat/passenger

Word Originlate 15th cent. (in the sense ‘management of material resources’): from French économie, or via Latin from Greek oikonomia ‘household management’, based on oikos ‘house’ + nemein ‘manage’. Current senses date from the 17th cent.

单词	economy
释义	economy noun /ɪˈkɒnəmi/ /ɪˈkɑːnəmi/ (plural economies) jump to other results (often the economy) [countable] the relationship between production, trade and the supply of money in a particular country or region The economy is in recession. the world/global economy Tourism clearly dominates the local economy. He favours tax cuts to stimulate the economy. to boost/revive/grow the economy Over the past few years, the country's economy has grown at a record pace. see also black economy, command economy, consumer economy, controlled economy, gig economy, market economy, mixed economy, planned economy, political economy, sharing economy, tiger economy, underground economy Collocations The economyThe economyManaging the economy handle/run/manage the economy boost investment/spending/employment/growth stimulate demand/the economy/industry cut/reduce investment/spending/borrowing reduce/curb/control/keep down inflation create/fuel growth/demand/a boom/a bubble encourage/foster/promote/stimulate/stifle innovation/competition encourage/work with/compete with the private sector increase/boost/promote US/agricultural exports ban/restrict/block cheap/foreign imports the economy grows/expands/shrinks/contracts/slows (down)/recovers/improves/is booming enjoy an economic/housing/property boom Economic problems push up/drive up prices/costs/inflation damage/hurt/destroy industry/the economy cause/lead to/go into/avoid/escape recession experience/suffer a recession/downturn fight/combat inflation/deflation/unemployment cause/create inflation/poverty/unemployment create/burst a housing/stock market bubble cause/trigger a stock market crash/the collapse of the banking system face/be plunged into a financial/an economic crisis be caught in/experience cycles of boom and bust Public finance cut/reduce/slash/increase/double the defence/education/aid budget increase/boost/slash/cut public spending increase/put up/raise/cut/lower/reduce taxes raise/cut/lower/reduce interest rates ease/loosen/tighten monetary policy balance the (state/federal) budget achieve/maintain a balanced budget run a ($4 trillion) budget deficit/surplus impose taxes/austerity measures politics, vote Wordfinder afford bank bankrupt capital economy expense finance invest money profit Extra Examples A downturn in the economy is affecting many small businesses. Agriculture was the backbone of the economy. Cuba should have been able to diversify its economy. Each party has its own strategy for building a strong economy. It's the industry which keeps our national economy moving. Japan successfully modernized its economy. Income from this exported crop drove the economy of Mali. Government measures to slow the economy failed to curb fuel demand growth. A small manufacturing sector inhibits growth in the economy. In order for our bubble economy to continue expanding, Americans must continue spending. Should we be worried that a dollar crisis threatens the economy? The South African economy emerged from decades of international isolation. The government devalued the currency to try to revive the flagging economy. The region has an economy based on services and finance. This massive retailer has been shaping the economy for a decade. a modern industrial economy Transport workers are employed in all sectors of the economy. The government has been criticized over the state of the economy. The economy is booming. the current slowdown/growth in the economy Immigrants are paying taxes and contributing to the economy. Topics Moneyb1, Politicsb1 Oxford Collocations Dictionaryadjective booming buoyant dynamic … verb + economy build create rebuild … economy + verb boom develop expand … phrases an area of the economy a sector of the economy the backbone of the economy … See full entry [countable] a country, when you are thinking about its economic system Ireland was one of the fastest-growing economies in Western Europe in the 1990s. emerging economies (= that are starting to grow) developed economies Topics Moneyb2 [countable, uncountable] the use of resources in a way that avoids waste The company has improved the fuel economy of all its vehicles. It's a false economy to buy cheap clothes (= it seems cheaper but it is not really since they do not last very long). (British English) We're on an economy drive at home (= trying to avoid waste and spend as little money as possible). Oxford Collocations Dictionaryadjective significant false fuel … verb + economy achieve make economy + noun drive preposition economy in phrases economy of effort economy of movement economy of scale … See full entry [uncountable] (in compound nouns) offering good value for money Buy the large economy pack. economies [plural] ways of saving money We need to make substantial economies. Large firms can benefit from economies of scale (= by producing many items the cost of producing each one is reduced). economies in something possible economies in phone costs economy of something [uncountable, singular] a way of using as little of something as possible a technique based on economy of effort She writes with a great economy of words (= using only the necessary words). It was impressive to see her economy of movement as she worked the machine. (also economy class) [uncountable] the cheapest class of air travel We flew economy. an economy fare/ticket/seat/passenger Word Originlate 15th cent. (in the sense ‘management of material resources’): from French économie, or via Latin from Greek oikonomia ‘household management’, based on oikos ‘house’ + nemein ‘manage’. Current senses date from the 17th cent.
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