economize in English
- economize⇄economize, verb, -mized,-mizing.
- economize⇄v.i. to cut down expenses; avoid waste or extravagance.
Ex. The development they want in one direction is conditional on their economizing in another direction (Maclean's). - economize⇄v.t. to use little of; use to the best advantage.
Ex. If you can economize your time, you will get more done in less time.
economize in Gujarati ગુજરાતી
economize in Maithili মৈথিলী
economize
Part of Speech
Verb
Pronunciation
/ɪˈkɒn.ə.maɪz/ (British English) | /ɪˈkɑː.nə.maɪz/ (American English)
Definitions
- To reduce expenses and use resources efficiently.
- To avoid unnecessary waste in financial or material matters.
Usage Examples
- "We need to economize on electricity to lower our bills."
- "She learned to economize after losing her job."
Etymology
Derived from the Greek word 'oikonomia' (household management) via Latin and French influences, meaning to manage resources wisely.
Synonyms
- Save
- Conserve
- Cut costs
- Reduce
Antonyms
- Spend
- Waste
- Squander
- Misuse
Translations
| Language | Translation | Pronunciation |
|---|---|---|
| Spanish | economizar | /e.ko.no.miˈθar/ |
| French | économiser | /e.kɔ.nɔ.mi.ze/ |
| German | sparen | /ˈʃpaːʁən/ |
| Chinese (Mandarin) | 节约 | /jié yuē/ |
| Hindi | बचत करना | /bachat karna/ |
Regional Pronunciation Variations
- British English: /ɪˈkɒn.ə.maɪz/
- American English: /ɪˈkɑː.nə.maɪz/
Historical Usage
The concept of economizing dates back centuries, with early civilizations emphasizing careful resource management. The term gained prominence during industrialization when efficiency became a key economic principle.
Cultural Nuances
Economizing is viewed differently across cultures. Some societies emphasize frugality and financial discipline, while others associate it with financial hardship or restraint.
More Information
Economizing is essential in personal finance, business management, and environmental conservation. Governments promote economization strategies to optimize budgets, while businesses implement cost-cutting measures to remain competitive. In an era of sustainability, economization is increasingly linked to reducing waste and promoting responsible consumption.