[ih-kon-uh-mahyz] /ɪˈkɒn əˌmaɪz/
verb (used without object), economized, economizing.
to practice ; avoid waste or extravagance.
verb (used with object), economized, economizing.
to manage ; use sparingly or frugally.
(often foll by on) to limit or reduce (expense, waste, etc)
1640s, “to govern a household,” from economy + -ize. Meaning “to spend less” is from 1790. Related: Economized; economizing; economization; economizer.
[ih-kon-uh-mee] /ɪˈkɒn ə mi/ noun, plural economies. 1. thrifty management; frugality in the expenditure or consumption of money, materials, etc. 2. an act or means of thrifty saving; a saving: He achieved a small economy by walking to work instead of taking a bus. 3. the management of the resources of a community, country, etc., […]
noun 1. a low-priced type of accommodation for travel, especially on an airplane.
- Economy-class syndrome
noun 1. (not in technical usage) the development of a deep-vein thrombosis in the legs or pelvis of a person travelling for a long period of time in cramped conditions
- Economy of scale
noun 1. (economics) a fall in average costs resulting from an increase in the scale of production