What's the difference between economy and prudence?

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.

Prudence


Definition:

  • (n.) The quality or state of being prudent; wisdom in the way of caution and provision; discretion; carefulness; hence, also, economy; frugality.

Example Sentences:

  • (1) The arches can be restored with atraumatic fixed prostheses but prudence is required.
  • (2) With every year and every budget its continued use was an annual testament to dependability, continuity and fiscal prudence.
  • (3) The unexpected presence of this previously unknown ADH variant in livers of M. nemestrina demonstrates the need for prudence in assignment of ADH isozymes.
  • (4) Although studies to date have failed to show conclusively that nurses and pharmacists are at risk to the carcinogenic, genotoxic and reproductive effects of these agents, prudence would dictate that every effort be taken to minimize their exposure during the handling and disposal of antineoplastic drugs.
  • (5) Until these data are available, we must maintain prudence in the selection (design) of premedicant regimens and carefully monitor all children receiving these "cocktails."
  • (6) Rather than get rid of the baby with the bathwater, could we not link morality with prudence and target abusive claims?
  • (7) He has six children: Prudence, from his first marriage, to Patricia; three by his second wife, Anna, who he divorced in 1999; and two young children with his current wife, Wendi.
  • (8) With care and prudence, many of these lesions can be successfully excised, or at least managed, so that the effect of these sometimes devastating lesions can be ameliorated.
  • (9) The Glazers must've expected that they were getting a wee, ginger, fledgling Ferguson; David Moyes surely imagined that the great day had come after years of stability and prudence at Goodison Park, frugally guarding the Toffees, he was finally to be given the reigns of the all-conquering devils.
  • (10) When using topical methods, prudence should prevail to avoid ingestion of fluoride.
  • (11) An appeal is made for prudence and not hysteria in relation to the use of mineral fibres of all types.
  • (12) And with the return of big-spending policies to combat the downturn, we have the tearing-up of the early Brown emphasis on prudence.
  • (13) We suggest that, though some prudence and caution is advised, this appears to be a safe and feasible adjunct in the treatment of cholelithiasis.
  • (14) The problem is very common, and it is hoped that with continued clinical prudence we can advance and improve our treatment modalities, particularly in those areas in which we fall so short!
  • (15) These findings draw attention to the cardiovascular side effects of interferon-alpha and advise prudence in high-risk patients.
  • (16) Odey, a veteran City agitator who has picked fights ranging from opposition to Railtrack's nationalisation to "shorting" the shares of struggling banks, was once married to Murdoch's oldest daughter, Prudence.
  • (17) "That is going to take some time, some care, and some prudence."
  • (18) Up the date any response is noted but the authors think that some prudence is necessary in the evaluation of the results especially because of the incomplete removal of disc in young patients.
  • (19) For this reason the authors recommend prudence and avoidance of very strong treatment.
  • (20) Appalling way to run an economy no wonder many top EU countries laugh at our so called economic "prudence".