What's the difference between economy and production?

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.

Production


Definition:

  • (n.) The act or process or producing, bringing forth, or exhibiting to view; as, the production of commodities, of a witness.
  • (n.) That which is produced, yielded, or made, whether naturally, or by the application of intelligence and labor; as, the productions of the earth; the productions of handicraft; the productions of intellect or genius.
  • (n.) The act of lengthening out or prolonging.

Example Sentences:

  • (1) The accumulation of lipids and enzymes such as simple estarase, lipase, beta-HDH, alpha-GDH and NADPH-reductase in those areas, suggests that lipids are not a simple excretory product.
  • (2) However, when first trimester specimens were analyzed, the direct-product measurements were significantly larger than the corresponding 3H2O assay results.
  • (3) Heart rate (HR), pulmonary ventilation (V), oxygen consumption (VO2), carbon dioxide production (VCO2), and respiratory quotient (RQ) were measured.
  • (4) The second amino acid residue influences not only the rate of reaction but also the extent of formation of the product of the Amadori rearrangement, the ketoamine.
  • (5) The subcellular distribution of sialyltransferase and its product of action, sialic acid, was investigated in the undifferentiated cells of the rat intestinal crypts and compared with the pattern observed in the differentiated cells present in the surface epithelium.
  • (6) No reaction product was observed in the lamellar areas.
  • (7) Marked enhancement of IFN-gamma production by T cells was seen in the presence of as little as 0.3% thymic DC.
  • (8) Collagen production of rapidly thawed ligaments was studied by proline incubation at 1 day, 9 days, or 6 weeks after freezing and was compared with that of contralateral fresh controls.
  • (9) Under blood preservation conditions the difference of the rates of ATP-production and -consumption is the most important factor for a high ATP-level over long periods.
  • (10) This theory was confirmed by product analysis and by measuring the affinity of the substrate for the enzyme by its inhibition of p-nitrophenyl glucoside hydrolysis.
  • (11) We maximize an objective function that includes both total production rate and product concentration.
  • (12) The rate of accumulation of degraded LDL products was lower in collagen gel cultures, but the final levels achieved were the same in the two substrata.
  • (13) Bradykinin also stimulated arachidonic acid release in decidual fibroblasts, an effect which was potentiated in the presence of epidermal growth factor (EGF), but which was not accompanied by an increase in PGF2 alpha production.
  • (14) First, it has diverted grain away from food for fuel, with over a third of US corn now used to produce ethanol and about half of vegetable oils in the EU going towards the production of biodiesel.
  • (15) A possible role for mitochondria in myocardial adenosine production is discussed.
  • (16) The models are applied to estimate the demand for tobacco products in Finland.
  • (17) In the clinical trials in which there was complete substitution of fat-modified ruminant foods for conventional ruminant products the fall in serum cholesterol was approximately 10%.
  • (18) In the present study, respirometric quotients, the ratio of oral air volume expended to total volume expended, were obtained using separate but simultaneous productions of oral and nasal airflow.
  • (19) We report on a patient, with a CT-verified low density lesion in the right parietal area, who exhibited not only deficits in left conceptual space, but also in reading, writing, and the production of speech.
  • (20) The possibility that both IL 2 production and IL 2R expression are autonomously activated early in T cell development, before acquisition of the CD3-TcR complex, led us to study the implication of alternative pathways of activation at this ontogenic stage.