Thrifty and efficient use of material resources of a community, society, or
household; frugality in expenditures.
An act or means of thrifty saving; a saving.
The management of the resources of a community, country, etc., especially with
a view to its productivity (Dictionary.com).
Etymology (EN): From M.Fr. economie, → economics.
Etymology (PE): Bumdât, back formation from bumdâti, → economic.