Meaning & Definition of Economize in English

Detailed Definitions

• Definition: To spend less or use resources sparingly.

  Example Sentence: We need to economize on our energy consumption to reduce our bills.

• Definition: To manage or use resources efficiently.

  Example Sentence: The company is looking for ways to economize operations to increase profitability.

Etymology

Origin: From Greek oikonomikos, from oikonomia, meaning household management.

Synonyms

Common Phrases and Expressions

• economize on: to reduce expenses in a specific area.
• economize time: to use time more efficiently.

Translations

• Spanish: economizar

• French: économiser

• German: ein-sparen

• Russian: экономить

Related Words

• economy: the system of production and distribution and consumption.

• economical: giving good value or service in relation to the amount of money, time, or effort spent.

Slang Meanings of economize

• Meaning: tighten the belt

  Example Sentence: With rising costs, we're going to have to tighten the belt this year.

• Meaning: pinch pennies

  Example Sentence: They are always pinching pennies to save for their vacation.