economy : Idioms & Phrases

• noun a hidden sector of the economy where private cash transactions go unreported
  
  • no one knows how large the black economy really is

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• noun an economic system based on private ownership of capital
  capitalism.
  

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• noun the managed economy of a communist state
  

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• noun a class of accommodations on a ship or train or plane that are less expensive than first class accommodations
  cabin class; second class.
  

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• noun the saving in cost of production that is due to mass production
  

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• noun an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
  private enterprise; laissez-faire economy; free enterprise.
  

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• noun a non-market economy in which government intervention is important in allocating goods and resources and determining prices
  

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• noun an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
  private enterprise; laissez-faire economy; free enterprise.
  

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• noun an economic system that combines private and state enterprises
  

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• noun an economy that is not a market economy
  

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• noun the branch of social science that deals with the production and distribution and consumption of goods and services and their management
  economic science; economics.
  

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• that branch of political science or philosophy which treats of the sources, and methods of production and preservation, of the material wealth and prosperity of nations.

Webster 1913

• noun an economic system based on state ownership of capital
  socialism.
  

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• noun a form of behavior therapy that has been used in some mental institutions; patients are rewarded with tokens for appropriate behavior and the tokens may be cashed in for valued rewards
  

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