Economy vs Society - What's the difference?
economy | society |
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
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= (theology) The method of divine government of the world.
(archaic) Management of one’s (l).
Cheap to run; using minimal resources; representing good value for money.
(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= (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= (lb) The people of one’s country or community taken as a whole.
:
*{{quote-book, year=2006, author=(Edwin Black), chapter=1, title=
, 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= (lb) High society.
:
*
A number of people joined by mutual consent to deliberate, determine and act toward a common goal.
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
*Noun
(wikipedia economy) (economies)- I have no other notion of economy than that it is the parent to liberty and ease.
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.}}
Derived terms
* collaborative economy * command economy * economic * economical * economist * economize * market economy * peer-to-peer economy * planned economy * sharing economyAdjective
(-)- "He bought an economy car."
- "Economy size".
Anagrams
*society
English
Noun
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.}}
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.}}
Internal Combustion
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.}}