economizes
/ɪˈkɒn.ə.maɪz.ɪz/
VERB
1. To use money or resources carefully
Uses money, materials, energy, or other resources sparingly and avoids unnecessary spending, consumption, or waste.
1.1. Saving money and reducing expenses
Manages spending carefully by limiting unnecessary purchases, reducing costs, and avoiding extravagance.
Synonyms
Antonyms
Examples
- The family economizes by preparing meals at home instead of dining out.
- The company economizes on operating expenses to maintain its profitability.
- She economizes by comparing prices and avoiding unnecessary purchases.
Related Words
- budgets
- conserves
- husbands
- hoards
- manages
- preserves
- sets aside
1.2. Conserving materials and supplies
Uses available materials, supplies, or other resources in moderation to prevent waste and make limited quantities last longer.
Synonyms
- conserves
- husbands
- preserves
- spares
- scrimps
- skimps
- uses sparingly
Antonyms
- wastes
- squanders
- dissipates
- throws away
- uses excessively
Examples
- The factory economizes on raw materials by reducing production waste.
- The chef economizes ingredients to minimize food waste in the kitchen.
- The organization economizes its limited supplies to support more projects.
Related Words
- safeguards
- protects
- reserves
- maintains
- sustains
- sets aside
- manages
1.3. Using time and effort efficiently
Makes careful and efficient use of available time or effort by avoiding unnecessary activities and focusing on essential tasks.
Synonyms
- conserves
- saves
- spares
- uses efficiently
Antonyms
- wastes
- squanders
- dissipates
Examples
- She economizes her time by prioritizing important tasks.
- The manager economizes effort by simplifying the approval process.
- The new workflow economizes time without compromising the quality of the work.