Meaning of “economize” in the English Dictionary

"economize" in American English

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economizeverb [ I ]

us /ɪˈkɑn·əˌmɑɪz/

to intentionally reduce what you are spending or using:

You could economize on food by not eating in restaurants all the time.

(Definition of “economize” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"economize" in Business English

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economizeverb [ I ]

UK also economise uk /ɪˈkɒnəmaɪz/ us

to make an effort to save money, time, resources, etc.:

Shoppers are going for less expensive food in an effort to economize.
Outsourcing is mostly used as an economizing strategy.
The different stages of production are placed in close proximity, thereby economizing on transport costs.

(Definition of “economize” from the Cambridge Business English Dictionary © Cambridge University Press)