What's the difference between economy and finance?

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.

Finance


Definition:

  • (n.) The income of a ruler or of a state; revennue; public money; sometimes, the income of an individual; often used in the plural for funds; available money; resources.
  • (n.) The science of raising and expending the public revenue.

Example Sentences:

  • (1) In the bars of Antwerp and the cafes of Bruges, the talk is less of Christmas markets and hot chocolate than of the rising cost of financing a national debt which stands at 100% of annual national income.
  • (2) Of the five committees asked to develop bills, four have completed their work, and the Senate Finance Committee announced today that it will move forward next week.
  • (3) Problems associated with school-based clinics include vehement opposition to sex education, financing, and the sheer magnitude of the adolescents' health needs.
  • (4) 2010 2 May : In a move that signals the start of the eurozone crisis, Greece is bailed out for the first time , after eurozone finance ministers agree to grant the country rescue loans worth €110bn (£84bn).
  • (5) In a poll before the debate, 48% predicted that Merkel, who will become Europe's longest serving leader if re-elected on 22 September, would emerge as the winner of the US-style debate, while 26% favoured Steinbruck, a former finance minister who is known for his quick-wit and rhetorical skills, but sometimes comes across as arrogant.
  • (6) It is anomalous that the world is equipped with global funds to finance action on infectious diseases and climate change, but not humanitarian crises.
  • (7) There is a European Investment Bank, a Nordic Investment Bank and many others, all capitalised by states or groups of states for the purpose of financing mandated projects by borrowing in the capital markets.
  • (8) The public finance forecasts are linked to those growth predictions, since stronger growth means healthier tax receipts and lower spending on unemployment benefit and other welfare measures.
  • (9) George Osborne’s eighth budget is unlikely to be a radical affair , as the state of the public finances and the upcoming EU referendum limit the chancellor’s room for manoeuvre.
  • (10) Doubts about Hinkley Point have deepened after a detailed report by HSBC’s energy analysts described eight key challenges to the project, which will be built by the state-backed French firm EDF and be part-financed by investment from China .
  • (11) One of the big sticking points is cash – with rich countries so far failing to live up to promise to mobilise $100bn a year by 2020 for climate finance .
  • (12) Terrorist groups need to be tackled at root, interdicting flows of weapons and finance, exposing the shallowness of their claims, channelling their followers into democratic politics.
  • (13) For more than half a century, Saudi leaders manipulated the United States by feeding our oil addiction, lavishing money on politicians, helping to finance American wars, and buying billions of dollars in weaponry from US companies.
  • (14) Mallon's finance and resources director, Paul Slocombe, thinks Pickles's argument is "slightly disingenuous" because the funding was part of the last spending review, which ends on 31 March.
  • (15) Osborne sought to turn the crisis to his advantage, however, telling parliament that falls in bond yields – the interest rate the government pays on its debts – were a "huge vote of confidence" by international investors in the coalition's plans to repair the public finances.
  • (16) After sterilisation of mentally diseased patients had been legally enforced and finances were restricted, family care stagnated, promoting instead a type of family care that was independent of psychiatric hospitals and was carried out on a "district" basis.
  • (17) Continuing pressure on household finances during the next 12 months will no doubt remain a constraint."
  • (18) The film was shot in Monastir, Tunisia, for $4m, with financing from George Harrison's HandMade Films company, and each of the Pythons plays at least three roles.
  • (19) "But if public opposition to further austerity measures hardens, the Greek government could find it even tougher to put the public finances back on a sustainable footing."
  • (20) And that's why I was the first G20 finance minister to introduce a permanent tax on banks – because it's fair that they help clear up the mess they did so much to create.