Meaning of the word economies in English
What does economies mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
economies
US /ɪˈkɑːnəmiz/
UK /ɪˈkɒnəmiz/
Plural Noun
1.
the systems by which goods and services are produced, distributed, and consumed in a country or region
Example:
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Global economies are interconnected.
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Developing economies face unique challenges.
2.
careful management of available resources, especially money
Example:
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The company implemented several economies to reduce costs.
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Household economies are essential for financial stability.