Definition of false economy in English:
An apparent financial saving that in fact leads to greater expenditure: do not skimp on batteries, it is a false economy tools are expensive, but it is often a false economy to go for the cheapest
More example sentences
- This aspect of figuring the cost of activities guards against false economies, where a savings in one area may be outweighed by an expense elsewhere.
- Public services are improving but looking for simple savings through job cuts at this stage could be a false economy.
- She said keeping the beds closed was a false economy because more money was spent sending patients to other hospitals.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan