Is “Economy” a Scrabble word?

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Yes
ECONOMY
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Economy

/iːˈkɒn.ə.mi/

noun
  1. 1.Effective management of a community or system, or especially its resources.

  2. 2.The study of money, currency and trade, and the efficient use of resources.

  3. 3.Frugal use of resources.

    economy of word

adjective
  1. 1.Cheap to run; using minimal resources; representing good value for money.

    Economy size.