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Plutocracy vs Economy - What's the difference?

plutocracy | economy |

As nouns the difference between plutocracy and economy

is that plutocracy is government by the wealthy 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.

plutocracy

English

(wikipedia plutocracy)

Alternative forms

* plousiocracy * ploutocracy

Noun

(plutocracies)
  • Government by the wealthy.
  • A controlling class of the wealthy.

    • Quotations

    * 1933 — , Essay XXIII: ''On Industrialism *: Modernity is not democracy; machinery is not democracy; the surrender of everything to trade and commerce is not democracy. Capitalism is not democracy; and is admittedly, by trend and savour, rather against democracy. Plutocracy by definition is not democracy. But all these modern things forced themselves into the world at about the time, or shortly after the time, when great idealists like Rousseau and Jefferson happened to have been thinking about the democratic ideal of democracy.

    Synonyms

    * argentocracy (nonce word) * tycoonocracy (uncommon)

    Related terms

    * plutocrat * plutocratic * plutodemocracy * plutonomy

    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

    Related terms

    * economics ** macroeconomics ** microeconomics

    Adjective

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

    Anagrams

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