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 ?
The VAV system has the ability to ventilate and economize without additional equipment.
How to Shop for Free: Shopping Secrets for Smart Women Who Love to Get Something for Nothing" is a guide for those who like to economize their shopping and use deals, offers, and more to get the most out of their money on countless items, her wisdom can help readers enjoy their hobby of shopping with a more agreeable price tag of nothing.
With recent flood situation and in view the financial crunch being faced by the Government, ERRA while fully committed to complete the ongoing projects and being mindful of the social responsibility is taking measures to economize and to minimize non developmental expenditures.
You see, in an effort to economize in this difficult financial environment, my husband had stopped buying bird feed .
1 : to be thrifty <We're going to have to economize until times get better.
Coal Mineral and Geothermal Director General Simon Felix Sembiring, however, said the restriction will be flexible that exports could be more than 150 million tons if domestic requirement is not up to estimation Drastic increase is expected in the country's coal consumption with the government's program to economize on oil fuel especially for industries such as power generating plants, steel and cement factories.
Parents who try to economize using boosters from the attic will find that many are too small.
To get the STS they need to economize elsewhere--like on toothpaste.
Aspiring to live by his writing, he's forced for a time to work as a French teacher and to economize by living with a crazy aunt, accepting financial support from his emotionally distant father.
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.
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).