# economy

> English word · Noun · IPA /ɪˈkɒ.nə.mi/ · frequency rank #1,423

## Definitions
1. Effective management of a community or system, or especially its resources.
2. Effective management of a community or system, or especially its resources.
3. Effective management of a community or system, or especially its resources.
4. Effective management of a community or system, or especially its resources.
5. The study of money, currency and trade, and the efficient use of resources.
6. Frugal use of resources.
7. The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
8. The method of divine government of the world. (See Economy (religion) on Wikipedia.Wikipedia.)
9. The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.
10. Management of one’s residency.

## Etymology
From Middle English yconomye, yconomy, borrowed via Old French [Term?] or Medieval Latin from Latin oeconomia, from Ancient Greek οἰκονομία (oikonomía, “management of a household, administration”), from οἶκος (oîkos, “house”) + νέμω (némō, “distribute, allocate”). By surface analysis, eco- + -nomy. 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.

## Easily confused with
- **ecology** (https://plainspell.com/en/vs/ecology-vs-economy)
- **economic** (https://plainspell.com/en/vs/economic-vs-economy)

## Common misspellings (10)
`ceonomy`, `ecconomy`, `ecnoomy`, `econmoy`, `econnomy`, `econommy`, `economyy`, `econoym`, `ecoonmy`, `eocnomy`

## Source
Compiled from Wiktionary via kaikki.org (CC BY-SA). Data vintage: 2026-05-06.
Canonical page: https://plainspell.com/en/word/economy