Economy is an unincorporated rural community located along the north shore of the Minas Basin and Cobequid Bay, in Colchester County, Nova Scotia, at approximately 45°23’N, 63°54’W. The community sits within a coastal rural setting characteristic of the broader Colchester County region.
In the late 19th century, Economy was known for its shipbuilding industry, reflecting the broader maritime heritage that defined many communities along the shores of the Minas Basin during that period.