Difference between Saving and Economy

What is the difference between Saving and Economy?

Saving as a noun is something (usually money) that is saved. while Economy as a noun is effective management of the resources of a community or system.

Saving

Part of speech: noun

Definition: Something (usually money) that is saved. The action of the verb to save.

Part of speech: verb

Definition: To prevent harm or difficulty.

Example sentence: Swimming has its educational value - mental, moral, and physical - in giving you a sense of mastery over an element, and of power of saving life, and in the development of wind and limb.

Economy

Part of speech: adjective

Definition: cheap to run; using minimal resources; representing good value for money.

Part of speech: noun

Definition: Effective management of the resources of a community or system.The collective focus of the study of money, currency and trade, and the efficient use of resources.Frugal use of resources.The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.The method of divine government of the world.

Example sentence: When President Obama entered the White House, the economy was in a free-fall. The auto industry: on its back. The banks: frozen up. More than three million Americans had already lost their jobs. And America's bravest, our men and women in uniform, were fighting what would soon be the longest wars in our history.

We hope you now know whether to use Saving or Economy in your sentence.

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