ECONOMY By N., Pam M.S. - April 7, 2013 1. the system and rules that manges something. 2. Management of resources to maximise efficiency or returns and to avoid waste. ECONOMY: "Joe and Lyn used economy of money to spend as little as possible and save as much as possible." Related Psychology Terms MILITARY PERSONNEL MANAGEMENT CAPACITY SHARING DEMING MANAGEMENT METHOD ANXIOUS-AVOIDANT ATTACHMENT GRIEVANCE SCICNTIFIC MANAGEMENT COPROPHILIA BOOTSTRAPPING SUBMISSIVE SIGNAL BEHAVIORAL SELF-CONTROL TRAINING Cite this page: N., Pam M.S., "ECONOMY," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/economy/ (accessed March 1, 2021).