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English definition of “parsimony”

parsimony

noun [U]     /ˈpɑːsɪməni/ US   /ˈpɑrsɪməʊni/ formal disapproving
unwillingness to spend money or to give things to people : There is no excuse for such corporate parsimony over staff salaries .
parsimonious adjective
(Definition of parsimony noun from the Cambridge Business English Dictionary © Cambridge University Press)
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