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Thrift vs Economy - What's the difference?

thrift | economy | Synonyms |

As nouns the difference between thrift and economy

is that thrift is the characteristic of using a minimum of something (especially money) 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.

thrift

English

(wikipedia thrift)

Noun

  • (uncountable) The characteristic of using a minimum of something (especially money).
    • His thrift can be seen in how little the trashman takes from his house.
  • * (rfdate) Spenser
    • The rest, willing to fall to thrift , prove very good husbands.
  • * (Ambrose Bierce)
  • (countable, US) A savings bank.
    • Usually home mortgages are obtained from thrifts .
  • (countable) Any of various plants of the genus Armeria , particularly .
  • (obsolete) Success and advance in the acquisition of property; increase of worldly goods; gain; prosperity.
  • * 1380+ , (Geoffrey Chaucer), (The Canterbury Tales)
    • Medleth na-more with that art, I mene, / For, if ye doon, your thrift is goon ful clene.
  • * : Act I, Scene I:
    • I have a mind presages me such thrift .
  • (obsolete) Vigorous growth, as of a plant.

    • Synonyms

    *(characteristic of using a minimum of something) frugality

    Antonyms

    * spendthrift

    Derived terms

    * thrifty * thrift shop * thrift store

    References

    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

    *