economy noun definition in Economy topic from the Oxford Advanced Learner's Dictionary


 noun: Economy topic
1 (also the economy) [countable] the relationship between production, trade and the supply of money in a particular country or region The economy is in recession. the world economy a market economy (= one in which the price is fixed according to both cost and demand)2 [countable] a country, when you are thinking about its economic system Ireland was one of the fastest-growing economies in Western Europe in the 1990s.

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