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Economized: meaning, definitions and examples

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economized

 

[ ˈɛkəˌnəmaɪzd ]

Verb
Context #1 | Verb

financial efficiency

Economized refers to the act of making careful and efficient use of resources. This can involve reducing spending, optimizing operations, and eliminating waste to achieve better financial outcomes. It embodies a strategic approach where one seeks to maximize output while minimizing costs. This term is often used in both personal finance and business contexts, highlighting the importance of sustainability and resource management.

Synonyms

conserve, cut back, manage, reduce, save

Examples of usage

  • The company economized its operations to increase profits.
  • She economized on her grocery budget by using coupons.
  • To save money, he economized his energy consumption.
  • The government economized expenditures during the recession.

Translations

Translations of the word "economized" in other languages:

🇵🇹 economizado

🇮🇳 बचत किया हुआ

🇩🇪 eingespart

🇮🇩 dihematkan

🇺🇦 економлений

🇵🇱 zaoszczędzony

🇯🇵 節約された

🇫🇷 économisé

🇪🇸 ahorrado

🇹🇷 tasarruf edilmiş

🇰🇷 절약된

🇸🇦 موفر

🇨🇿 ušetřený

🇸🇰 ušetrený

🇨🇳 节省的

🇸🇮 varčevan

🇮🇸 hagræðing

🇰🇿 үнемделген

🇬🇪 შეინახული

🇦🇿 ihtiyatlı

🇲🇽 ahorrado

Etymology

The term 'economized' derives from the root 'economy', which stems from the Greek word 'oikonomia', meaning 'household management'. In ancient Greece, it referred to the management of home or household affairs, encompassing resource allocation and budgeting. Over time, the concept of economy expanded to include broader financial practices and principles governing personal, business, and governmental financial decisions. 'Economized' began to appear in the English lexicon in the early 19th century, reflecting a growing awareness of financial stewardship amidst industrialization and economic evolution. As societies faced challenges such as resource scarcity and economic downturns, the importance of economizing became more prominent, ultimately leading to its adoption as a key principle in modern financial discourse.

Word Frequency Rank

Ranking #35,297, this word is encountered relatively rarely in everyday English. It might appear in literary works or specialized texts but isn't essential for general communication.