ECONOMY

I. noun (plural -mies) see: vicinity Date: 15th century the management of household or private affairs and especially expenses, 2. thrifty and efficient use of material resources ; frugality in expenditures, efficient and concise use of nonmaterial resources (as effort, language, or motion), 3. the arrangement or mode of operation of something ; organization , a system especially of interaction and exchange , the structure or conditions of economic life in a country, area, or period, II. adjective Date: circa 1906 designed to save money