Noun

(wikipedia governance) (en noun)

The process, or the power, of governing; government or administration.

*{{quote-magazine, date=2012-03

, author=William E. Carter, Merri Sue Carter , title=The British Longitude Act Reconsidered , volume=100, issue=2, page=87 , magazine= citation , passage=But was it responsible governance to pass the Longitude Act without other efforts to protect British seamen? Or might it have been subterfuge—a disingenuous attempt to shift attention away from the realities of their life at sea.}}

The specific system by which a political system is ruled.

The group of people who make up an administrative body.

The state of being governed.

(management) Accountability for consistent, cohesive policies, processes and decision rights.

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).