economize


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economize

vb. to produce:
  1. a given OUTPUT of a product using fewer FACTOR INPUTS than previously;
  2. more output than before from the same amount of factor inputs;
  3. a given output of a product at lower cost than before by substituting cheaper factor inputs for more expensive ones in the production process (the ‘ideal’ or optimum position is attained when the largest possible output is produced from a given volume of factor inputs using available technology);
  4. a given output at the least possible factor cost. See PRODUCTIVITY, EFFICIENCY, ECONOMICS, PRODUCTION POSSIBILITY BOUNDARY.
References in periodicals archive ?
Now is not the time to economize where your profession is concerned.
Our research is of the same genre and sheds light on how firms economize in the face of environmental pressure, and what are the associated performance effects.
While travel prices are up in the first three months of 2005, this will not discourage Americans from taking trips, but they will be looking for deals and ways to economize in order to save money without giving up their summer vacations.
Green Key, launched in 1994, is an attempt to get hotels to economize on resources and help the environment," says Charlotte Harder of the Danish Tourist Board (newly renamed Visit-Denmark).
In addition to these benefits, often times when using logger/balers--whether portable or stationary--processors can charge more for their prepared metal and they can economize on their shipping charges: true bottom-line benefits.
We needed to make better use of our space and economize and we drew on our long term relationship with Mack-Cali to help.
But a more important way to economize and aid the environment may be to insulate one's home and carefully choose appliances and light fixtures.
Concentrates have been formulated for use with thermoplastic elastomers and are said to provide the intense coloration required for consumer appeal in many soft-touch applications, while enabling manufacturers to economize on concentrate consumption.
Yoga postures teach us to soften those muscles that we do not need for the asana, thus helping the practioner to economize their energy and relax the body.
The integrated, metered dispensing system helps economize the use of solutions.
As we try to economize on electricity today, they tried to economize on the candles in the old days.