Definition: A person who studies or works in the field of economics, analyzing how resources are produced, distributed, and consumed.

Example: The economist presented a new theory on market behavior at the conference.

Definition: To use resources carefully and avoid waste, especially in spending money or using materials.

Example: We need to economize on our budget this month to save for the vacation.

Definition: To use resources carefully and avoid waste, especially in terms of money or materials.

Example: We need to economize on our spending to save for a vacation.

Definition: A device or person that helps to save energy or resources by using them more efficiently.

Example: The new economizer in the heating system reduced our energy bills significantly.

Definition: Relating to something that is designed to save money or is inexpensive to buy or use.

Example: We decided to rent an economy car for our trip to save on fuel costs.

Definition: The system by which goods and services are produced, distributed, and consumed in a society.

Example: The economy is showing signs of recovery after the recession.

Definition: A former currency unit used in the European Community before the euro was introduced, representing a specific value in relation to the currencies of member countries.

Example: Before the euro was adopted, many transactions in Europe were conducted using the ecu.

Definition: The ability or power to produce a desired result or effect.

Example: The effectivity of the new policy was evident in the improved performance of the team.

Definition: The ability to do something well without wasting time or resources.

Example: The new system improved the efficiency of our work processes.

Definition: To take money or property that has been given to you to manage, and use it for your own purposes instead of for the intended purpose.

Example: The accountant was caught trying to embezzle funds from the company.

Definition: The act of secretly taking money or property that has been entrusted to someone, usually in a position of authority, for personal use.

Example: The accountant was charged with embezzlement after stealing funds from the company.

Definition: A payment or compensation received for holding a position or job, often in the form of salary or benefits.

Example: The emolument for the new position includes a generous salary and additional perks.