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{
"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."
}