scheme vs economy

economy vs scheme

scheme and economy both are nouns.

scheme is a verb but economy is not a verb.

Word	Noun	Adjective	Verb	Adverb
scheme	Yes	No	Yes	No
economy	Yes	No	No	No

As nouns, economy is a hyponym of scheme; that is, economy is a word with a more specific, narrower meaning than scheme:

scheme: a group of independent but interrelated elements comprising a unified whole
economy: the system of production and distribution and consumption

Other hyponyms of scheme include language system, judicatory, judicature, judicial system, judiciary, economic system, ecosystem, social organisation, social organization, social structure, social system, structure, dragnet, machinery, network, web, nonlinear system, subsystem, organism, syntax, body, shebang, solar system, water system, root system, rootage.

scheme (noun)	economy (noun)
an elaborate and systematic plan of action	an act of economizing; reduction in cost
an internal representation of the world; an organization of concepts and actions that can be revised by new information about the world	frugality in the expenditure of money or resources
a schematic or preliminary plan	the efficient use of resources
a statement that evades the question by cleverness or trickery	the system of production and distribution and consumption
a group of independent but interrelated elements comprising a unified whole

scheme (verb)	economy (verb)
form intrigues (for) in an underhand manner
devise a system or form a scheme for

Difference between scheme and economy

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