"economy model" meaning in English

{
  "forms": [
    {
      "form": "economy models",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "economy model (plural economy models)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        }
      ],
      "examples": [
        {
          "text": "The old man didn't like a real fancy car with a lot of gadgets that could break, so he went with the economy model instead of one of the more fancy models."
        }
      ],
      "glosses": [
        "A low-cost, no-frills version of a merchandise item, especially where a larger selection of more lavishly equipped models of the same item exist."
      ],
      "id": "en-economy_model-en-noun-puVCjUxV",
      "links": [
        [
          "no-frills",
          "no-frills"
        ]
      ]
    }
  ],
  "word": "economy model"
}

{
  "forms": [
    {
      "form": "economy models",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "economy model (plural economy models)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns"
      ],
      "examples": [
        {
          "text": "The old man didn't like a real fancy car with a lot of gadgets that could break, so he went with the economy model instead of one of the more fancy models."
        }
      ],
      "glosses": [
        "A low-cost, no-frills version of a merchandise item, especially where a larger selection of more lavishly equipped models of the same item exist."
      ],
      "links": [
        [
          "no-frills",
          "no-frills"
        ]
      ]
    }
  ],
  "word": "economy model"
}