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Currency vs Economy - What's the difference?

currency | economy |

As nouns the difference between currency and economy

is that currency is money or other items used to facilitate transactions while economy is effective management of the resources of a community or system.

As an adjective economy is

cheap to run; using minimal resources; representing good value for money.

currency

Noun

  • Money or other items used to facilitate transactions.
  • Wampum was used as a currency by Amerindians.
  • Paper money.
  • * 1943 , (William Saroyan), , chapter 3,
  • Spangler went through his pockets, coming out with a handful of small coins, one piece of currency and a hard-boiled egg.
  • The state of being current; general acceptance or recognition.
  • The jargon’s currency .
  • (obsolete) fluency; readiness of utterance
  • (obsolete) Current value; general estimation; the rate at which anything is generally valued.
  • He takes greatness of kingdoms according to their bulk and currency , and not after intrinsic value. — Francis Bacon.
    The bare name of Englishman too often gave a transient currency to the worthless and ungrateful. — W. Irving.

    Derived terms

    * (economics) fiat currency, closed currency, metacurrency

    See also

    *

    economy

    English

    Alternative forms

    *

    Noun

    (wikipedia economy) (economies)
  • Effective management of the resources of a community or system.
  • Collective focus of the study of money, currency and trade, and the efficient use of resources.
  • Frugal use of resources.
  • * Jonathan Swift
  • I have no other notion of economy than that it is the parent to liberty and ease.
  • The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
  • * {{quote-magazine, date=2013-08-31, volume=408, issue=8851, magazine=(The Economist)
  • , title= Horns of a trilemma , passage=An economy open to free movement of capital can keep a fixed exchange rate, for example, only by subjugating monetary-policy goals to its defence—by raising interest rates sharply, say, when capital outflows put downward pressure on the currency. Yet the trilemma also implies that an economy can enjoy both free capital flows and an independent monetary policy, so long as it gives up worrying about its exchange rate.}}
  • (theology) The method of divine government of the world.
  • (archaic) Management of one’s (l).
  • Derived terms

    * collaborative economy * command economy * economic * economical * economist * economize * market economy * peer-to-peer economy * planned economy * sharing economy

    Adjective

    (-)
  • Cheap to run; using minimal resources; representing good value for money.
  • "He bought an economy car."
    "Economy size".

    Anagrams

    *