Definition of new economy in English:

new economy

Syllabification: new e·con·o·my

noun

New industries, such as biotechnology or the Internet, that are characterized by cutting-edge technology and high growth.
More example sentences
  • Again the new economy of computers and internet technology is seen as the new driving force behind wealth creation in the States.
  • A nostrum of the new economy is that new technology allows us to use less energy.
  • What effect has the advent of the new economy and the internet had on your thinking and on marketing?

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day grammarian
Pronunciation: grəˈmɛːrɪən
noun
a person who studies and writes about grammar