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History
History
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Meaning:
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(an instance of) the avoidance of waste of money, supplies, strength or anything else of value

saving, frugality

recession abridgement austerity care carefulness caution curtailment cutback decrease deduction direction discretion husbandry layoff meanness miserliness moratorium niggardliness parsimony providence prudence reduction regulation restraint retrenchment rollback shrinkage stinginess supervision thrift thriftiness parcity scrimping skimping sparingness
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Cases of word usage

1) an expert in, student of, economics or political economy (economist)

2) (to cause a country etc) to develop industries as an important or main part of the economy (industrialize)

ECONOMY as in Wiktionary
ECONOMY as in Wikipedia