J. Hector St. Jean de Crevecoeur's "Letters from an American Farmer"

economy

econ·​o·​my i-ˈkä-nə-mē  
ə-,
 
ē-
pluraleconomies
Noun
1
the structure or conditions of economic life in a country, area, or period
also an economic system
2
a
thrifty and efficient use of material resources frugality in expenditures
also an instance or a means of economizing SAVING
b
efficient and concise use of nonmaterial resources (such as effort, language, or motion)
3
a
the arrangement or mode of operation of something ORGANIZATION
b
a system especially of interaction and exchange
an economy of information
4
archaic the management of household or private affairs and especially expenses

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