economize

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Related to economize: allotted

economize

vb. to produce:

a given OUTPUT of a product using fewer FACTOR INPUTS than previously;
more output than before from the same amount of factor inputs;
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);
a given output at the least possible factor cost. See PRODUCTIVITY, EFFICIENCY, ECONOMICS, PRODUCTION POSSIBILITY BOUNDARY.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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References in periodicals archive ?

Moghrabi developed a device to economize the wasted fuel in generators that escapes through the exhaust, an innovation for which he claims a Lebanese patent.

No more wasted fuel

Who would want to economize on efforts to save a premature baby, especially when that cost is just a small part of the total cost of care?

Infinity

The Deputy Chairman of the Committee on Financial and Economic Affairs in the Shura Council Habib Makki Hashim said that the Kingdom has overcome most of the difficult economic circumstances which began with the financial crunch and its repercussions on the movement of capital and the banking sector in most countries of the world meanwhile the Kingdom has clearly opted to economize the public debt within a reasonable percentage within the GNP in order to avoid any economic risks in future, citing the significance of the steps being taken by the legislature in terms of economizing the public debt.

Shura Council's Financial, Economic Committee participates in IMF economic development conference

He added that Kyrgyzstan should economize the electricity.Artykbaev stated that the Ministry of Energy conducts its policy, meaning the construction of the Upper-Naryn cascade of the hydro-powerplant and modernization of Bishkek thermal power plant.

Kyrgyzstan uses its entire amount of available energy and reaches limit - Minister of Energy

The leader of the Prosperous Armenia Party Gagik Tsarukyan have decided not to economize funds for bribing of

Newspaper: Gagik Tsarukyan have decided not to economize funds for bribing of voters at Yerevan Council of Elders election

Of the remaining 34 % of travelers who said their current finances would impact their travel plans, 21 % will economize in other areas, nine % are planning to take a shorter trip, and the remaining four % will travel by an alternate mode of transportation.

-AAA: Americans continue to prioritize holiday travel

The restrictions are designed to encourage airlines to switch to cleaner fuels or economize on fuel consumption.

Air war

of who you were: she can sip her water and economize; if he draws

Evolution

Kardaya Warnika, the renewable energy and energy conservation director general, said a regulation would be issued to use renewable energy to economize on oil.

Use of renewable energy to be mandatory for industry

The new concept aims to shorten and economize the private equity raising process by creating an opportunity for promoters to pitch to a panel of investors straight up.

SCLC Launches Eventsment Banking

"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.

The money/finance shelf

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.