economy

Noun

• an act of economizing; reduction in cost
  • it was a small economy to walk to work every day
    
  • there was a saving of 50 cents
    

• frugality in the expenditure of money or resources
  • the Scots are famous for their economy
    

• the efficient use of resources
  • economy of effort
    

• the system of production and distribution and consumption

Related words

• Synonyms: 
  saving , thriftiness , economic system