What's the difference between economy and resource?

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.

Resource


Definition:

  • (n.) That to which one resorts orr on which one depends for supply or support; means of overcoming a difficulty; resort; expedient.
  • (n.) Pecuniary means; funds; money, or any property that can be converted into supplies; available means or capabilities of any kind.

Example Sentences:

  • (1) Results in May 89 emphasizes: the relevance and urgency of the prevention of AIDS in secondary schools; the importance of the institutional aspect for the continuity of the project; the involvement of the pupils and the trainers for the processus; the feasibility of an intervention using only local resources.
  • (2) A dedicated goal makes a big difference in mobilising action and resources.
  • (3) It was not possible to offer all very low birthweight infants full intensive care; to make this possible, it was calculated that resources would have to increase by 26%.
  • (4) Failure to develop an adequate resource will be costly in the long run.
  • (5) Variation in patient mix was a major determinant of the large variations in resource use.
  • (6) Problem definition, the first step in policy development, includes identifying the issues, discussing and framing the issues, analyzing data and resources, and deciding on a problem definition.
  • (7) Similarly, I would like to see fully funded and resourced public services.
  • (8) The need for follow-up studies is stressed to allow assessment of the effectiveness of the intervention and to search for protective factors, successful coping skills, strategies and adaptational resources.
  • (9) As Russian companies Polymetal, Polyus Gold and Evraz race to join Eurasian Natural Resources as FTSE100 companies, despite their murky practices, because of London's incredibly lax listing requirements, one future scenario is becoming clearer.
  • (10) There is no evidence to support the move to seven-day services, there is no evidence of what is going to happen if we divert our resources away from the week to weekends.
  • (11) The authors are also upfront about what has not gone so well: "We were too slow to mobilise … we did not identify clear leadership or adequate resources for the actions … it is vital to accelerate the programme of civil service reform."
  • (12) The World Humanitarian Summit in May 2016 may be the most timely opportunity to make an honest appraisal of the effectiveness of the current system to deal with the sector’s “ new normal ” of finite resources and unlimited challenges.
  • (13) "We were very disappointed when the DH decided to suspend printing Reduce the Risk, a vital resource in the prevention of cot death in the UK", said Francine Bates, chief executive of the Foundation for the Study of Infant Deaths, which helped produce the booklet.
  • (14) The following 10 products were tested: Ensure Plus, Ensure, Enrich, Osmolite, Pulmocare, Citrotein, Resource, Vivonex TEN, Vital, and Hepatic Acid II.
  • (15) Competition for resources also occurs from noncancer drugs, eg, cardiovascular agents.
  • (16) Three motives are found for evaluating the quality of human life: allocation of scarce medical resources, facilitating clinical decision making, and assisting patients towards autonomous decision making.
  • (17) The women used a variety of resources, and their partners were particularly helpful.
  • (18) Enright said: “We call on the home secretary and chair of IICSA [the independent inquiry into child sexual abuse] to engage actively and urgently to find a way forward that secures the confidence of survivors and provides the inquiry’s legal team with the resources and support they need to deliver justice and truth that survivors deserve.” Stein said his clients were “deeply disatisfied” with aspects of how the inquiry had been conducted but called for Emmerson to stay, adding: “I urge the home secretary to seek to find a way in which his valuable contribution can be maintained”.
  • (19) In addition, the UK government will provide further resources to the European Asylum Support Office to help Greece and Italy identify migrants, including children, who could be reunited with family members elsewhere in Europe.
  • (20) Last month Walsall council announced it would close 15 of its 16 libraries, and residents told the Guardian they stood to lose vital community spaces as well as reading resources.