diff --git a/src/lang/english.txt b/src/lang/english.txt
--- a/src/lang/english.txt
+++ b/src/lang/english.txt
@@ -1553,8 +1553,11 @@ STR_CONFIG_SETTING_ENDING_YEAR          
 STR_CONFIG_SETTING_ENDING_YEAR_HELPTEXT                         :Year the game ends for scoring purposes. At the end of this year, the company's score is recorded and the high-score screen is displayed, but the players can continue playing after that.{}If this is before the starting year, the high-score screen is never displayed.
 STR_CONFIG_SETTING_ENDING_YEAR_VALUE                            :{NUM}
 STR_CONFIG_SETTING_ENDING_YEAR_ZERO                             :Never
-STR_CONFIG_SETTING_SMOOTH_ECONOMY                               :Enable smooth economy (more, smaller changes): {STRING2}
-STR_CONFIG_SETTING_SMOOTH_ECONOMY_HELPTEXT                      :When enabled, industry production changes more often, and in smaller steps. This setting has usually no effect, if industry types are provided by a NewGRF
+STR_CONFIG_SETTING_ECONOMY_TYPE                                 :Economy type: {STRING2}
+STR_CONFIG_SETTING_ECONOMY_TYPE_HELPTEXT                        :Smooth economy makes production changes more often, and in smaller steps. Frozen economy stops production changes and industry closures. This setting may have no effect if industry types are provided by a NewGRF.
+STR_CONFIG_SETTING_ECONOMY_TYPE_ORIGINAL                        :Original
+STR_CONFIG_SETTING_ECONOMY_TYPE_SMOOTH                          :Smooth
+STR_CONFIG_SETTING_ECONOMY_TYPE_FROZEN                          :Frozen
 STR_CONFIG_SETTING_ALLOW_SHARES                                 :Allow buying shares from other companies: {STRING2}
 STR_CONFIG_SETTING_ALLOW_SHARES_HELPTEXT                        :When enabled, allow buying and selling of company shares. Shares will only be available for companies reaching a certain age
 STR_CONFIG_SETTING_MIN_YEARS_FOR_SHARES                         :Minimum company age to trade shares: {STRING2}