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 classic literature ?
It had never occurred to me until that moment that there was any need to economize them, and I had wasted almost half the box in astonishing the Upper-worlders, to whom fire was a novelty.
For my blue-and-gold suit, which has disappeared, and in the place of which I could find nothing but this; and I was even obliged to economize from compulsion, in order to get possession of it.
As for those antique floor-cloth & still occasionally seen in the dwellings of the rabble - cloths of huge, sprawling, and radiating devises, stripe-interspersed, and glorious with all hues, among which no ground is intelligible-these are but the wicked invention of a race of time-servers and money-lovers - children of Baal and worshippers of Mammon - Benthams, who, to spare thought and economize fancy, first cruelly invented the Kaleidoscope, and then established joint-stock companies to twirl it by steam.
Fouquet had gone to bed, like a man who clings to life, and wishes to economize, as much as possible, that slender tissue of existence, of which the shocks and frictions of this world so quickly wear out the tenuity.