sector - a body of people who form part of society or economy; "the public sector"

black economy - a hidden sector of the economy where private cash transactions go unreported; "no one knows how large the black economy really is"

industrialism - an economic system built on large industries rather than on agriculture or craftsmanship

free enterprise, laissez-faire economy, market economy - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

mixed economy - an economic system that combines private and state enterprises

non-market economy - an economy that is not a market economy

state capitalism - an economic system that is primarily capitalistic but there is some degree of government ownership of the means of production

state socialism - an economic system in which the government owns most means of production but some degree of private capitalism is allowed

system, scheme - a group of independent but interrelated elements comprising a unified whole; "a vast system of production and distribution and consumption keep the country going"

efficiency - skillfulness in avoiding wasted time and effort; "she did the work with great efficiency"

frugality, frugalness - prudence in avoiding waste

action - something done (usually as opposed to something said); "there were stories of murders and other unnatural actions"

downsizing, retrenchment, curtailment - the reduction of expenditures in order to become financial stable

economy of scale - the saving in cost of production that is due to mass production