What's the difference between economy and extravagance?

Economy


Definition:

  • (n.) The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.
  • (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.
  • (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.
  • (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.

Example Sentences:

  • (1) Two of the largest markets are Germany and South Korea, often held up as shining examples of export-led economies.
  • (2) King also described how representatives of every country at this month's G7 meeting in Canada seemed to be relying on an export-led recovery to revive their economies.
  • (3) Today’s figures tell us little about the timing of the first increase in interest rates, which will depend on bigger picture news on domestic growth, pay trends and perceived downside risks in the global economy,” he said.
  • (4) Maybe the world economy goes tits up again, only this time we punish the rich instead of the poor.
  • (5) It is widely seen as a counter to China’s economic might in Asia, and the world’s second largest economy is notably absent from the list of signatories.
  • (6) Swedes tend to see generous shared parental leave as good for the economy, since it prevents the nation's investment in women's education and expertise from going to waste.
  • (7) October 23, 2013 3.55pm BST Another reason to be concerned about the global economy - Canada's central bank has slashed its economic forecasts for the US.
  • (8) The last time Vince Cable had a seat in the business department, it was during a high noon of industrial action and state interference in the economy.
  • (9) "Runners, for instance, need a high level of running economy, which comes from skill acquisition and putting in the miles," says Scrivener, "But they could effectively ease off the long runs and reduce the overall mileage by introducing Tabata training.
  • (10) It is worth noting though that the government is reaping scant reward in the polls even though the economy has expanded by more than 3% over the past year and – according to the IMF – will be the fastest growing of the G7 economies this year.
  • (11) Gerhard Schröder , Merkel’s immediate predecessor, had pushed through parliament a radical reform agenda to get the country’s spluttering economy back on track.
  • (12) Cable argued that the additional £30bn austerity proposed by the chancellor after 2015 went beyond the joint coalition commitment to eradicate the structural part of the UK's current budget deficit – the part of non-investment spending that will not disappear even when the economy has fully emerged from the recession of 2008-09.
  • (13) Yes, we need consumption to get the economy moving, but if you spend more than you have, you’re not helping anyone and certainly not helping yourself.
  • (14) China’s stock market rout Shanghai stocks Chinese shares have tumbled in recent weeks against the backdrop of a slowdown in the world’s second-largest economy .
  • (15) Unfortunately, under the Faustian pact we have witnessed a double whammy: fiscal policy being used to reduce government spending when the economy is already depressed.
  • (16) This has been manageable, even beneficial to the economy when people slowly climbed the property ladder.
  • (17) "It will mean root-and-branch change for our banks if we are to deliver real change for Britain, if we are to rebuild our economy so it works for working people, and if we are to restore trust in a sector of our economy worth billions of pounds and hundreds of thousands of jobs to our country."
  • (18) It is right that the food banks feed those who would otherwise go hungry, offering a picture of a different kind of economy, though they can do little to address the causes of hunger.
  • (19) Tim Moore, senior economist at Markit, said: "Construction is no longer the weakest link in the UK economy.
  • (20) The deal will also be scrutinised to see if its claims of new billions to jump start world economies prove to be inflated.

Extravagance


Definition:

  • (n.) A wandering beyond proper limits; an excursion or sally from the usual way, course, or limit.
  • (n.) The state of being extravagant, wild, or prodigal beyond bounds of propriety or duty; want of moderation; excess; especially, undue expenditure of money; vaid and superfluous expense; prodigality; as, extravagance of anger, love, expression, imagination, demands.

Example Sentences:

  • (1) Such extravagant claims will be familiar to the scheme's architect, Richard Rogers, whose designs for the office development beside St Paul's Cathedral in the 1980s were torpedoed when Charles implied in a public speech that the plans were more offensive than the rubble left by the Luftwaffe during the blitz.
  • (2) I want to pick them by the armful and fill the house with their extravagance and glamour.
  • (3) While his more eminent predecessors, Gerald Durrell and John Aspinall, established that displaying wild creatures may occasionally be compatible with respect for them, zoos around the world have also sanitised – with extravagant claims about conservation, breeding programmes and species reintroduction – the essentially unchanged business of showing caged animals for cash.
  • (4) There is the rigorously landscaped swimming pool complex designed by a young (now disbanded) practice called Paisajes Emergentes, and the extravagantly roofed sports arena designed by Mazzanti, again, and Felipe Mesa.
  • (5) Apparently the sea wall is a favourite base for extravagant jumps into the water, but not at low tide.
  • (6) The author contrasts the creative urbane Goethe with the unempathic, self-absorbed, and extravagant Goethe.
  • (7) After years of on-and-off e-dating, in which I've met 150-200 women, fallen in love with one and invented extravagant excuses to extricate myself from awkward encounters with countless others, you might think I'd be tired of it all.
  • (8) He also sometimes falls, as in his account of Frederick Valk’s Othello, into extravagant hyperbole.
  • (9) The Candy brothers, the property duo behind the scheme, like to claim that the address sits at a sort of super-rich intersection – turn one way, and you look down Sloane Street, Europe's most extravagant shopping street.
  • (10) It will be Australian consumers who’ll pay extra to make sure that Tony Abbott can deliver this paid parental leave scheme which not only do I think is extravagant, I can tell you most of his own members seem to think is extravagant.” Abbott has been forced to defend his scheme multiple times since announcing the policy in 2010 and responded to reports in February the Commission of Audit had found it too expensive.
  • (11) I like a big, extravagant frock, but I wanted to feel like me.
  • (12) Mrs Tsvangirai was widely respected in Zimbabwe as the antithesis of President Robert Mugabe's extravagant and free-spending wife, Grace, who showed little concern for the plight of the many hungry and poor in her country.
  • (13) The booming Bollywood music beckoned a stream of families, wearing ornate saris and sharp kurtas, fragrant plates of samosa chaat in hand, toward the stage, replete with an extravagant display of lights and visuals.
  • (14) There is a small, but significant, increase in frequency during hypercapnia in vagotomized, anesthetized animals, indicating involvement of an extravagal mechanism in the response.
  • (15) She told Murdoch's biographer , Michael Wolff, that Murdoch was worried about the extravagance of buying a new yacht.
  • (16) Fleming was intrigued by Engelhard's extravagant lifestyle and when he wrote Goldfinger , published in 1959, he based its eponymous villain on him.
  • (17) Antony and Cleopatra is in many ways a reflection of Jacobean court extravagance and decadence.
  • (18) It would honour the record of CND and scrap Trident missiles, submarines, aircraft carriers, manned fighters and the extravagant paraphernalia of the arms lobby.
  • (19) Up close, even the supposedly most extravagant new BBC properties are less lavish than you might think.
  • (20) The temporal rearrangements of the respiratory cycle seem to be due to the vagal effects, while the extravagal influences, probably the reflexes from the stretch receptors of intercostal muscles, are responsible for changes of the volume component in the relations characterizing the mechanism of cessation of inspiration.