Definition of false economy in English:

false economy

Line breaks: false econ|omy

noun

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.

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Word of the day apposite
Pronunciation: ˈapəzɪt
adjective
apt in the circumstances or relation to something