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From dictionary.com e•con•o•my// noun, plural e•con•o•mies, adjective, adverb 1.)the management of the resources of a community, country, etc., especially with a view to its productivity. 2.)the prosperity or earnings of a place: Further inflation would endanger the national economy seriously. 3.)the disposition or regulation of the parts or functions of any organic whole; an organized system or method.