economy

I

(New American Roget's College Thesaurus)

Avoidance of waste

Nouns

1. economy, thriftiness, frugality, thrift, austerity, care, husbandry, housekeeping, ménage, good housewifery, good management or administration, retrenchment, cutback, rollback, belt-tightening; parsimony, cheeseparing, stinginess, scrimping. See order, preservation, accounting, cheapness.

2. savings, reserves; savings account, Christmas Club; IRA, Roth IRA, Keogh plan; investment account. See cheapness.

Verbs — economize, save, scrimp; retrench, tighten one's belt; cut corners, skimp, make [both] ends meet, meet one's expenses, pay one's way; husband, save money, lay by or away, put by, lay aside, store up; hoard, accumulate, amass, salt away; provide for a rainy day; feather one's nest.

Adjectives — economical, frugal, careful, thrifty, saving, chary, sparing, parsimonious, stingy, scrimping; cost-effective, efficient.

Adverbs — sparingly, frugally, thriftily, economically, carefully, parsimoniously.

Phrases — most people consider thrift a fine virtue in ancestors; a penny saved is a penny earned; thrift is a great revenue.

Quotations — Expenditure rises to meet income (C. Northcote Parkinson), Economy is going without something you do want in case you should, some day, want something you probably won't want (Anthony Hope), He is almost always a slave who cannot live on little (Horace), Nothing hurts worse than the loss of money (Livy).

Antonyms, see waste.

II

(Roget's IV) n.

1. [A system of producing, distributing, and consuming wealth]

Syn. economic system, marketplace, market, gross national product, GNP, standard of living, cost of living, consumer price index, per capita income, financial resources, earnings, prosperity; see also administration 1 , economics .

2. [Thrifty administration]

Syn. thriftiness, thrift, retrenchment, austerity, caution, prudence, regulation of finances, conservation, prudent use of resources, political economy, saving, economizing, stinginess, frugality, husbandry, care, providence, parsimony, restraint, miserliness, scrimping, cheeseparing*.

Ant. carelessness*, lavishness, waste.

3. [An example of economy, sense 2]

Syn. curtailment, retrenchment, cutback, rollback, austerity program, business recession, reduction in spending, deduction, saving, abridgment, layoff, payroll shrinkage, reduction of forces, wage decrease, cut in wages, volume ordering, cost-effectiveness, economies of scale, moratorium, good gas mileage, good fuel consumption, excursion fare, lowered materials cost, lowered contract price; belt-tightening*; see also automation , depression 3 .

Ant. increase*, outlay, raise.

III

(Roget's 3 Superthesaurus) n.

1. thrift saving, frugality, conserving, austerity, prudence, skimping, penny-pinching. ''To pitch your scale of living one degree below your means.''—Henry Taylor. ''The art of making the most of life.''— George Benard Shaw.

2. national, state or regional income management finances, production, GNP, gross national product, spending, distribution of wealth.

ANT.: 1. extravagance, wastefulness, spending

WORD FIND

• ban of import or export product: embargo, sanction

• buying for want and status instead of need: conspicuous consumption

• collective annual value of all goods, services, etc, of nation: GNP, gross national product

• debt owed by federal government: national debt

• decline, sharp and prolonged, economic: depression

• demand exceeding supply: seller’s market

• drop in prices due to a reduction of the money supply: deflation

• expansion, economic: boom

• exports and imports, difference in worth between: balance of trade

• gauge of fluctuating prices of common consumer goods: consumer price index

• GNP: gross national product

• government incentives to big business resulting in benefit to all: trickle-down theory

• group working together to control production and prices, common: cartel

• inability to pay one’s debts: insolvency

• inflation causing shortages, runaway: hyperinflation

• imports exceeding exports, condition of: trade deficit

• luxuries, money left over for: discretionary income

• manufacturing industry, heavy: smokestack industry

• medieval economic system of lords and vassals: feudalism

• money to work with: capital

• monopolies, laws preventing formation of: antitrust laws

• price supports, government: subsidies

• reducing taxes to spur production, investment and growth, theory of: supply-side economics

• selling goods below cost to drive competition out of business: dumping

• services than production of goods, economy based more on: service economy

• supplies exceeding demand: buyer’s market

• system of collectively-owned or state-owned production facilities controlling distribution, economic: communism

• system of privately-owned businesses designed for profit-making, economic: capitalism, free enterprise system

• tariffs and regulations used by nation to limit imports: trade barriers

• ups and downs of some businesses, expected: business cycle

• zero growth and rising unemployment, period of: recession, slump

IV

(Roget's Thesaurus II) noun Careful use of material resources: frugality, providence, prudence, thrift, thriftiness. See SAVE.