{
    "term": "economy",
    "partOfSpeech": "noun",
    "academic": true,
    "ox3000": true,
    "cefr": "b1",
    "definitions": [
        {
            "senseNumber": 1,
            "definition": "the relationship between production, trade and the supply of money in a particular country or region",
            "cefr": "b1",
            "ox3000": true,
            "examples": [
                {
                    "text": "The economy is in recession."
                },
                {
                    "text": "The **world economy** is still suffering from the effects of the pandemic."
                },
                {
                    "text": "Tourism clearly dominates the **local economy**."
                },
                {
                    "text": "He favours tax cuts to **stimulate the economy**."
                },
                {
                    "text": "to **boost/revive/grow the economy**"
                },
                {
                    "text": "Over the past few years, the country's **economy has grown** at a record pace."
                },
                {
                    "text": "A downturn in the economy is affecting many small businesses."
                },
                {
                    "text": "Agriculture was the backbone of the economy."
                },
                {
                    "text": "Cuba should have been able to diversify its economy."
                },
                {
                    "text": "Each party has its own strategy for building a strong economy."
                },
                {
                    "text": "It's the industry which keeps our national economy moving."
                },
                {
                    "text": "Japan successfully modernized its economy."
                },
                {
                    "text": "Income from this exported crop drove the economy of Mali."
                },
                {
                    "text": "Government measures to slow the economy failed to curb fuel demand growth."
                },
                {
                    "text": "A small manufacturing sector inhibits growth in the economy."
                },
                {
                    "text": "In order for our bubble economy to continue expanding, Americans must continue spending."
                },
                {
                    "text": "Should we be worried that a dollar crisis threatens the economy?"
                },
                {
                    "text": "The South African economy emerged from decades of international isolation."
                },
                {
                    "text": "The government devalued the currency to try to revive the flagging economy."
                },
                {
                    "text": "The region has an economy based on services and finance."
                },
                {
                    "text": "This massive retailer has been shaping the economy for a decade."
                },
                {
                    "text": "a modern industrial economy"
                },
                {
                    "text": "Transport workers are employed in all sectors of the economy."
                },
                {
                    "text": "The government has been criticized over the state of the economy."
                },
                {
                    "text": "The economy is booming."
                },
                {
                    "text": "the current slowdown/​growth in the economy"
                },
                {
                    "text": "Immigrants are paying taxes and contributing to the economy."
                }
            ],
            "topics": ["Money", "Politics"],
            "collocations": {
                "adjective": ["booming", "buoyant", "dynamic"],
                "verb + economy": ["build", "create", "rebuild"],
                "economy + verb": ["boom", "develop", "expand"],
                "phrases": [
                    "an area of the economy",
                    "a sector of the economy",
                    "the backbone of the economy"
                ]
            }
        },
        {
            "senseNumber": 2,
            "definition": "a country, when you are thinking about its economic system",
            "cefr": "b2",
            "ox3000": true,
            "examples": [
                {
                    "text": "Ireland was one of the fastest-growing economies in Western Europe in the 1990s."
                },
                {
                    "text": "emerging economies *(= that are starting to grow)*"
                },
                {
                    "text": "developed economies"
                }
            ],
            "topics": ["Money"]
        },
        {
            "senseNumber": 3,
            "definition": "the use of resources in a way that avoids waste",
            "labels": "(British English)",
            "cefr": "b2",
            "ox3000": true,
            "examples": [
                {
                    "text": "The company has improved the **fuel economy** of all its vehicles."
                },
                {
                    "text": "It's a **false economy** to buy cheap clothes *(= it seems cheaper but it is not really since they do not last very long)*."
                },
                {
                    "text": "We're on an **economy drive** at home *(= trying to avoid waste and spend as little money as possible)*."
                }
            ],
            "collocations": {
                "adjective": ["significant", "false", "fuel"],
                "verb + economy": ["achieve", "make"],
                "economy + noun": ["drive"],
                "preposition": ["economy in"],
                "phrases": [
                    "economy of effort",
                    "economy of movement",
                    "economy of scale"
                ]
            }
        },
        {
            "senseNumber": 4,
            "definition": "offering good value for money",
            "examples": [
                {
                    "text": "Buy the large **economy pack**."
                }
            ]
        },
        {
            "senseNumber": 5,
            "definition": "ways of saving money",
            "sensetop": "economies in something",
            "examples": [
                {
                    "text": "We need to make substantial economies."
                },
                {
                    "text": "possible economies in phone costs",
                    "contextForm": "economies in something"
                }
            ]
        },
        {
            "senseNumber": 6,
            "definition": "a way of using as little of something as possible",
            "sensetop": "economy of something",
            "examples": [
                {
                    "text": "a technique based on economy of effort"
                },
                {
                    "text": "She writes with a great economy of words *(= using only the necessary words)*."
                },
                {
                    "text": "It was impressive to see his economy of movement as he worked the machine."
                }
            ]
        },
        {
            "senseNumber": 7,
            "definition": "the cheapest class of air travel",
            "examples": [
                {
                    "text": "We flew economy."
                },
                {
                    "text": "an economy fare/ticket/seat/passenger"
                }
            ]
        }
    ],
    "pronunciations": {
        "uk": [
            {
                "pronunciation": "/ɪˈkɒnəmi/",
                "audio": "ec/economy/economy__gb_2.mp3"
            }
        ],
        "us": [
            {
                "pronunciation": "/ɪˈkɑːnəmi/",
                "audio": "ec/economy/economy__us_1.mp3"
            }
        ]
    },
    "wordOrigin": "late 15th cent. (in the sense ‘management of material resources’): from French économie, or via Latin from Greek oikonomia ‘household management’, based on oikos ‘house’ + nemein ‘manage’. Current senses date from the 17th cent."
}