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ECONOMY

Statistics Directorate    
Definition:
Economy means acquiring the necessary resources (finance, staff, buildings, equipment, etc.) to carry out an activity at the least cost.

Source Publication:
Effects of European Union Accession, Part 1: Budgeting and Financial Control, OECD SIGMA Paper No. 19, March 1998, Appendix 3: List of Useful Terms + thefreedictionary.com.

Hyperlink:
http://www.thefreedictionary.com/economy

Statistical Theme: Public management

Created on Tuesday, August 06, 2002

Last updated on Wednesday, June 12, 2013