economy
Noun
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is a type of: scheme, system - a group of independent but interrelated elements comprising a unified wholesubtypes:
- industrialism - an economic system built on large industries rather than on agriculture or craftsmanship
- free enterprise, laissez-faire economy, market economy, private enterprise - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
- mixed economy - an economic system that combines private and state enterprises
- non-market economy - an economy that is not a market economy
- state capitalism - an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production
- state socialism - an economic system in which the government owns most means of production but some degree of private capitalism is allowed
has:- sector - a social group that forms part of the society or the economy
- black economy - a hidden sector of the economy where private cash transactions go unreported
same as: economic system -
is a type of: efficiency - skillfulness in avoiding wasted time and effort
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is a type of: frugality, frugalness - prudence in avoiding wastesame as: thriftiness
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is a type of: action - something done (usually as opposed to something said)subtypes:
- curtailment, downsizing, retrenchment - the reduction of expenditures in order to become financially stable
- economy of scale - the saving in cost of production that is due to mass production
same as: saving
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