Posted on

Pronunciation of Economies: Learn how to pronounce Economies in English correctly

Learn how to say Economies correctly in English with this tutorial pronunciation video.

Oxford dictionary definition of the word economy:

noun (plural economies)
1the state of a country or region in terms of the production and consumption of goods and services and the supply of money:
he favours tax cuts to stimulate the economy
a particular system or stage of an economy:
a free-market economy
2 [mass noun] careful management of available resources:
fuel economy
[as modifier] offering good value for money:
an economy pack of soap flakes
sparing or careful use of something:
a technique based on economy of effort
[count noun] (usually economies) a financial saving:
there were many economies to be made by giving up our London offices
3 (also economy class) the cheapest class of air or rail travel:
we flew economy
Phrases

economy of scale

a proportionate saving in costs gained by an increased level of production:
mergers may lead to economies of scale
economy of scope

a proportionate saving gained by producing two or more distinct goods, when the cost of doing so is less than that of producing each separately.
Origin:

late 15th century (in the sense ‘management of material resources’): from French ├ęconomie, or via Latin from Greek oikonomia ‘household management’, based on oikos ‘house’ + nemein ‘manage’. Current senses date from the 17th century