economization
- noun
- /ˌiːkəˌnəmaɪˈzeɪʃən/
- US
:
economización
- Through careful economization, the project was completed under budget.
Examples
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The company implemented strict economization measures to improve its financial health.
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Household economization became necessary after the rise in utility costs.
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The company's economization efforts have significantly reduced costs.
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We need to focus on economization in our budget planning.
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The company implemented strict economization measures to improve its financial health.
-
Household economization became necessary after the rise in utility costs.
-
Through careful economization, the project was completed under budget.
Synonyms
56
3.2
A way of saving money by spending less
14
3.0
Steps a company takes to spend less money
1
2.0
Money kept by spending less
An old word for careful use of money to save and avoid waste
How Economical
Surface Forms
Morphology
economization = economize (transparent) = econom + ize + ation
This is a regular nominalization of 'economize', so the act/process meaning is straightforward.
Etymology
Economization comes from the same root as economy and economize, which once meant 'household management'. So economization is the act of managing or cutting spending to save money or use resources better.