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 ?
For Brown the most serious consequence of this process of economisation is that democracy is in effect 'disembowelled', and the very idea of rule by the people, and active citizenship, is shrunken and eviscerated, starved of life and emptied of meaning.
For the connection of pest control, authority, and advancing economisation see the work of Torsten Meyer; compare also Bernd Herrmann.
There is a continuing economisation and marketisation of the public sphere in which social and cultural functions are defined, monitored and evaluated in economic terms more than ever before (Schuster 2006: 4).
Overall, Cavagnaro and Curiel provide a solid contribution to the discussion surrounding organisations by making a strong argument for the economisation of sustainability and vice versa.
Sympatolitic effect of \"dry\" carbon dioxide baths came out as economisation of heart activity: decreased index of efficiency of the heart (IERS) (<0.
Pat Johnson, Vice-President, Rack and Cooling Solutions, APC by Schneider Electric, said: "The EcoBreeze not only provides multiple types of air economisation, its modular design also allows the unit to adapt to the future cooling needs of a data centre.
The EcoBreezeao addresses the needs of today's data centres by implementing multiple forms of economisation into each module.
These changes render significant new areas of the world able to take advantage of some form of economisation to cool the data centre by utilising outdoor ambient temperatures for heat rejection - free cooling.