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Economy vs Society - What's the difference?

economy | society |

As nouns the difference between economy and society

is that economy is effective management of the resources of a community or system while society is a long-standing group of people sharing cultural aspects such as language, dress, norms of behavior and artistic forms.

As an adjective economy

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

economy

English

Alternative forms

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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

    *

    society

    English

    Noun

  • (lb) A long-standing group of people sharing cultural aspects such as language, dress, norms of behavior and artistic forms.
  • :
  • *{{quote-magazine, year=2012, month=March-April, author=John T. Jost
  • , volume=100, issue=2, page=162, magazine=(American Scientist) , title= Social Justice: Is It in Our Nature (and Our Future)? , passage=He draws eclectically on studies of baboons, descriptive anthropological accounts of hunter-gatherer societies and, in a few cases, the fossil record.}}
  • (lb) A group of people who meet from time to time to engage in a common interest; an association or organization.
  • :
  • *
  • *:At half-past nine on this Saturday evening, the parlour of the Salutation Inn, High Holborn, contained most of its customary visitors.In former days every tavern of repute kept such a room for its own select circle, a club, or society , of habitués, who met every evening, for a pipe and a cheerful glass.
  • (lb) The sum total of all voluntary interrelations between individuals.
  • :
  • *{{quote-magazine, date=2013-08-10, volume=408, issue=8848, magazine=(The Economist), author=Schumpeter
  • , title= Cronies and capitols , passage=Policing the relationship between government and business in a free society is difficult. Businesspeople have every right to lobby governments, and civil servants to take jobs in the private sector.}}
  • (lb) The people of one’s country or community taken as a whole.
  • :
  • *{{quote-book, year=2006, author=(Edwin Black), chapter=1, title= Internal Combustion
  • , passage=If successful, Edison and Ford—in 1914—would move society away from the ever more expensive and then universally known killing hazards of gasoline cars:
  • *{{quote-magazine, date=2012-01, author=Steven Sloman
  • , volume=100, issue=1, page=74, magazine=(American Scientist) , title= The Battle Between Intuition and Deliberation , passage=Libertarian paternalism is the view that, because the way options are presented to citizens affects what they choose, society should present options in a way that “nudges” our intuitive selves to make choices that are more consistent with what our more deliberative selves would have chosen if they were in control.}}
  • (lb) High society.
  • :
  • *
  • A number of people joined by mutual consent to deliberate, determine and act toward a common goal.
  • Derived terms

    * building society * * high society * mutual admiration society * polite society * Royal Society * secret society * societal * society function * society pages

    Statistics

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