Difference between revisions of "Economy"

<p> (1): </p> <p> (n.) The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the [[Jewish]] economy. </p> <p> (2): </p> <p> (n.) The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy. </p> <p> (3): </p> <p> (n.) [[Thrifty]] and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony. </p> <p> (4): </p> <p> (n.) [[Orderly]] arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth; as, political economy. </p>

<p> "a term which properly means the arrangement of a household (οἰκονομία ), but is also frequently employed by ecclesiastical writers for the practical measures adopted in order to give effect to a divine dispensation. The [[Jewish]] economy included all the details of spiritual and secular government, but the [[Christian]] economy, belonging to a 'kingdom not of this world,' has no direct reference to political arrangements." (See [[Dispensation]]). </p>