ECONOMY By N., Sam M.S. - 9 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 Legality and Ethics for Case Management Diagnosis and Treatment Planning Counselor's Role in Emergency Teams HOARDING LANGUAGE (Psycholinguistics) GAMBLING Crisis Diagnosis and Intervention OBSESSRVE-COMPULSIVE REACTION Using the Triage Assessment Form KIRKBRIDE, THOMAS (1809-83) Cite this page: N., Sam M.S., "ECONOMY," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/economy/ (accessed September 30, 2022).