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economy
economy
(US) In or via the part of a commercial passenger airplane reserved for those paying the lower standard fares.
economy
total of all the goods, services, and wages in an area
economies
political economy
(economics, politics) Interdisciplinary studies drawing upon economics, law, and political science in explaining how political institutions, the political environment, and the economic system — capitalist, socialist, mixed, and so on — influence each other.
false economy
An attempt to economize that fails because the less expensive approach is inferior in some way.
planned economy
(economics, politics) An economic system in which government directly manages supply and demand for goods and services by controlling production, prices, and distribution in accordance with a long-term design and schedule of objectives.
policy economy
Aspect of the economy that encompasses the economic scale and implications of policy formulation and implementation.
command economy
(economics, politics) An economic system in which activity is directly controlled by the government and the means of production are publicly owned.
service economy
An economy based on service sector, such as: financial services, hospitality, retail, health, human services, information technology and education.
