Meaning of “false economy” in the English Dictionary

business-english dictionary

"false economy" in Business English

See all translations

false economynoun [ S ]

uk us

something that you do in order to save money but which costs you more money later:

Not fully insuring your possessions is a false economy, as any claim you make may be refused.

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

Need a translator?

Translator tool

Get a quick, free translation!