economy
US /ɪˈkɑnəmi/
Definition
the system of production and distribution and consumption
Tested in TOEIC business and workplace contexts.
Examples
The economy grew slowly during the first half of the year.
Word Family
NounNoun
VerbVerb
AdjectiveAdj
AdverbAdv
Synonyms
- financial systemhaving a meaning similar to economy
Collocations
- Easy local economy revivaldescribing local economy revival (public transport consisting of a bus or train that stops at all stations or stops)
- Medium global economy trends reportdescribing global economy trends report (involving the entire earth; not limited or provincial in scope)
- Hard transitioning to a knowledge-based economyto transitioning to a knowledge-based economy, meaning to cause to convert or undergo a transition
- Very Hard command economy dismantling in post-war erato command economy dismantling in post-war era, meaning to be in command of
Learner's English edition · Curated definitions for TOEIC learners.