economy

USAGE SUMMARY

The phrase "economy" is correct and usable in written English.
It can be used in contexts discussing financial systems, resource management, or efficiency in various fields. Example: "The economy is showing signs of recovery after the recent downturn."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

The economy".

The New York Times

"It is a huge waste of the next generation's skills, potential and talent and it comes at a huge cost to young black and minority-ethnic people, their families, taxpayers and the economy".

The Guardian

This is because building better infrastructure helps create jobs, building a stronger economy for us all.

The Guardian

I think the age of the universe has zero to do with how our economy is going to grow.

The New York Times

The circular economy hub is funded by Philips.

The Guardian

"If you want to stop Ed Miliband and the SNP from getting into power and wrecking our economy... and if you want me back on work on Friday working through our long-term economic plan as your prime minister then it is vital that you vote Conservative," Cameron said.

The Guardian

Whichever view you take, multicultural and tolerant or disapproving and fearful, the awkward fact is that we have not been breeding fast enough (or young enough) to keep society functioning without outside help, let alone educating ourselves to the levels a post-industrial economy is going to need.

The Guardian

He said it was "less efficacious for the real economy than most people suppose".

The New York Times

Each of the previous waves had come in response to a profound shift in the real economy.

The Economist

It's not, after all, as if the U.S. economy has never had to deal with big insolvent banks before.

The Economist

The world economy was in a tailspin and facing disaster to match the 1930s, but Brown had a plan which he had compared to the Bretton Woods agreement that shaped the world's postwar economic infrastructure.

The Guardian

Expert writing Tips

Best practice

When discussing the "economy", be specific about the scale you're referring to (e.g., global, national, local) to provide clarity and context.

Common error

Avoid making sweeping statements about the "economy" without providing supporting data or specific examples. Vague claims can lack credibility and may not resonate with your audience.

Linguistic Context

The noun "economy" functions primarily as a subject or object in a sentence, referring to the financial state or system of a region, country, or the world. Ludwig AI indicates that this term is widely used in various contexts, reinforcing its role as a central concept in discussions about finance and resource management.

Expression frequency: Very common

Frequent in

News & Media

60%

Formal & Business

20%

Science

10%

Less common in

Academia

5%

Encyclopedias

3%

Wiki

2%

Ludwig's WRAP-UP

The term "economy" is a fundamental concept referring to the financial system and resource management of a community, region, or the world. As Ludwig AI confirms, it's grammatically correct and exceptionally common, particularly in News & Media and Formal & Business contexts. When writing about the "economy", remember to be specific about the scale you are discussing and avoid overgeneralizations. Consider alternative phrases like "economic system" or "financial system" for nuanced meanings. Understanding the common uses and potential pitfalls helps ensure clear and effective communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Economic system

Refers to the organized way a society distributes resources and provides goods and services; emphasizes the structural arrangement.

Financial system

Focuses specifically on the institutions, markets, and instruments involved in the flow of money and credit.

Market conditions

Highlights the state of the market in terms of supply, demand, and pricing; more specific to trading and investment.

Economic climate

Describes the general economic atmosphere or sentiment, including factors like consumer confidence and business investment.

Fiscal policy

Relates to government spending and taxation policies that influence economic conditions; narrower in scope.

Monetary policy

Focuses on actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.

Financial health

Emphasizes the well-being and stability of a financial entity or system.

State of trade

Focuses on the level and nature of commercial exchange and business activity.

Resource management

Highlights the efficient allocation and utilization of resources, emphasizing sustainability and conservation.

Budget management

Focuses on planning and controlling income and expenditure; more specific to financial administration.

FAQs

How is the term "economy" typically used in a sentence?

The term "economy" is commonly used to refer to the state of a country's financial affairs, a system of production and consumption, or the efficient use of resources. For instance, "The government is working to improve the "national economy"" or "We need to practice "economy of scale" to reduce costs".

What are some alternative ways to refer to the "economy"?

Depending on the context, you can use terms like "economic system", "financial system", "market conditions", or "state of trade" instead of "economy". Each alternative has a slightly different nuance and focus.

What's the difference between the "economy" and "economics"?

The "economy" refers to the actual system of production, distribution, and consumption of goods and services. "Economics", on the other hand, is the study of how people make decisions in the face of scarcity and how these decisions affect the broader economy.

How does "fiscal policy" relate to the "economy"?

Fiscal policy is a tool used by governments to influence the "economy" through taxation and spending. Changes in fiscal policy can stimulate or restrain economic growth, impacting employment, inflation, and other key economic indicators.