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Glite Dictionary
💰 Saving money 📊 Applying economic rules
economization

economization

6.8
The process of organizing services and institutions mainly by money and how well they work
  • noun
  • /ˌiːkəˌnɪməˈzeɪʃən/
  • Formal
translation icon : economización
  • The economization of social work means that social work has been subjected to the logic of the market and its profit orientation.
  • economization of social work

Examples

  • The economization of government resources has led to more efficient public services.

  • Economization and standardization of social work means the death of autonomous and professional social work (Strunk, 1997: 184; Manderscheid, 1998; Butterwege, 1999).

    Academic text (2018)

  • The economization of social work is a kind of Trojan horse.

    Academic text (2018)

  • Dimmel (2006) refers to a position of adaptation, which does not criticize the economization of social work in the sense of its effectiveness, but the neo-liberal understanding of it.

    Academic text (2018)

  • Dimmel (2006) describes these cases as an assimilation position. Kleve (2003: 14) observes an ambivalent relationship between social work and economization.

    Academic text (2018)

  • The term neoliberalism often serves as a political catchphrase with different meanings, such as an ideological movement, the imperialist expansion of the U.S., or the general trend towards the economization of society.

    Academic text (2018)

  • Many companies are focusing on the economization of their processes to increase profitability.

  • The pandemic has prompted a strong economization of household budgets as families reevaluate their expenses.

Synonyms

marketization
vseconomization
  • Specialized
1 7.4

The process of making services and companies compete and become privately owned

is a wider process that judges things by profit and efficiency not just privatization
economism
vseconomization
  • Formal
9.9

A practice that treats schools or hospitals like businesses using market ideas

is an organizing process that structures or assesses by profit or efficiency

How Market-Oriented

marketization
  • Specialized
1 7.4
economization
  • Formal
6.8
privatization
  • US
61 6.7
commercialization
  • US
14 6.3

Surface Forms

economization singular
economizations plural

Morphology

economization = economize (semi-transparent) = econom + ize + ation

The form still contains 'economize', but this specialized sense of applying economic principles to a domain is not fully predictable from the parts alone.

Etymology

Economization also comes from the root behind economy and economize and carries the idea of 'managing for efficiency'. So economization means organizing people or services mainly by profit or efficiency, for example treating a school or museum like a business.