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economy

US /ɪˈkɑnəmi/

noun Foundation · A2 Tài chính & ngân sách

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
economy gốc economist economizer
VerbVerb
AdjectiveAdj
AdverbAdv

Synonyms

  • financial systemhaving a meaning similar to economy

Collocations

  • Easy local economy revival
    describing local economy revival (public transport consisting of a bus or train that stops at all stations or stops)
  • Medium global economy trends report
    describing global economy trends report (involving the entire earth; not limited or provincial in scope)
  • Hard transitioning to a knowledge-based economy
    to transitioning to a knowledge-based economy, meaning to cause to convert or undergo a transition
  • Very Hard command economy dismantling in post-war era
    to command economy dismantling in post-war era, meaning to be in command of

Learner's English edition · Curated definitions for TOEIC learners.