Scrabble Dictionary

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Yes, economy is playable

...and is worth 16 points.

Found in the following dictionaries

Enable (Words with friends)
SOWPODS (Collins Scrabble Words)
OTCWL2014 (NASPA Word List 2014)
TWL06 (NASPA List 2006)

"Economy" Definition

noun

A specific type of economic system: an industrial economy; a planned economy.
An example or result of such management; a saving.
An orderly, functional arrangement of parts; an organized system: "the sense that there is a moral economy in the world, that good is rewarded and evil is punished” ( George F. Will).
Careful, thrifty management of resources, such as money, materials, or labor: learned to practice economy in making out the household budget.
Efficient, sparing, or conservative use: wrote with an economy of language.

adjective

Economical or inexpensive to buy or use: an economy car; an economy motel.
Designed to save money .

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