Thriftiness
Part of speech: noun
Definition: The property of being thrifty.
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: To put it bluntly, there isn't one economic theory that can single-handedly explain Singapore's success; its economy combines extreme features of capitalism and socialism. All theories are partial; reality is complex.