What's the difference between economy and polity?

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.

Polity


Definition:

  • (n.) The form or constitution of the civil government of a nation or state; the framework or organization by which the various departments of government are combined into a systematic whole.
  • (n.) Hence: The form or constitution by which any institution is organized; the recognized principles which lie at the foundation of any human institution.
  • (n.) Policy; art; management.

Example Sentences:

  • (1) The money they spend is obviously welcome, but it seems to me possible that it comes at too high a price to the rest of our polity.
  • (2) The moral cowardice of the Irish polity results in those women, often alone and shivery, whom you see on Ryanair flights.
  • (3) His latest book, The Lure of Technocracy , is published by Polity
  • (4) Taking aim at a "preposterously over-regulated system," Johnson also claims that "bureaucracy and politial correctness is gradually asphyxiating the BBC".
  • (5) Maybe in the end what is so attractive about Germany to Britain’s cultural exports is not just the superior funding but the seriousness with which culture is viewed by politicians, and the quality of conversation and debate in the polity at large.
  • (6) The more hopeful view is that in the Afghan polity central government is weak and needs as many connections to local power centres as it can get.
  • (7) There is still time between now and the invocation of article 50 in March 2017 to galvanise a common effort across all the polities of these islands to look for a third way between hard Brexit and no Brexit.
  • (8) In a polity where too many players really were schoolboys together, there is an obsession with personality in general, and the personality of Boris Johnson in particular.
  • (9) Recent polls showing alarming levels of racism in Israeli public opinion, reflected in the new hard-right alliance between Likud and Yisrael Beitenu , suggest a polity that is not currently minded to dissolve itself under any amount of political pressure.
  • (10) For the therapy the following polity can be proposed: Stage I: chemotherapy - Stage II: chemotherapy, perhaps backed by conservative operative treatment - Stage III: chemotherapy and nephro-ureterektomy.
  • (11) If a Britain survives this moment, it will be a polity transformed by some kind of federalism.
  • (12) Europe’s current difficulties suggest that a global polity remains some way off.
  • (13) They were and are, rather, engaged in the work of citizenship, exposing deep flaws and wrongs in their polity and society.
  • (14) Yet this strategy has inadvertently raised the ire of a battle-weary polity, routinely ignored by government and attuned to the customary trickiness of politics: the plain meaning of recognition could not be further from what is sought.
  • (15) While he may have made his way into the 1%, he's not merely speculating on life's jagged edges; he's lived them, so he has considerably more authority to address the polity honestly.
  • (16) "Remembering how courageously Mr Havel defended human rights at a time when these were systematically denied to the people of your country, and paying tribute to his visionary leadership in forging a new democratic polity after the fall of the previous regime, I give thanks to God for the freedom that the people of the Czech Republic now enjoy," he said.
  • (17) Twenty children, aged between six and seven, are slaughtered in school and the American polity takes five months to decide do nothing.
  • (18) Without Mosul or Raqqa , the group’s claim to have re-established a caliphate, which aims to unite the world’s Muslims within a single polity, will collapse.
  • (19) Just as Guzmán and the new cartels operate within the logic of the “legal” economy, and become major investors in it, so the “legal” economy and polity embrace the cartels.
  • (20) 2.32pm BST Irish budget begins Finance minister Michael Noonan is starting to deliver the Irish budget now, blaming reckless polities from the previous government for causing the 'disaster' in Ireland.